Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

with working please!! Question 3 You are given the following information in relation to a business for the year ended on 31 December 2020: SOFP

with working please!! image text in transcribed
Question 3 You are given the following information in relation to a business for the year ended on 31 December 2020: SOFP extract Trade payables 31 Dec 2020 19,000 31 Dec 2019 11,000 Inventory purchases of 26,000 (all on credit) were made during the year. How much cash was paid to suppliers in relation to inventory purchases during the year ended on 31 December 2020? (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Nike Inc Strategic Audit SWOT Pestle Competitor And Financial Analysis

Authors: Bankim Chandra Pandey

1st Edition

1973352516, 978-1973352518

More Books

Students also viewed these Accounting questions

Question

1. Define mass and mediated communication

Answered: 1 week ago