Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

At the beginning of the year, a business had trade payables of $13000$. By the end of the year, the amount it owed to trade payables had risen to $15000$. Over the year, it settled $190000$, after receiving a cash discount of $10000$. What was the amount of the credit purchases for the year?

  • A$188000$
  • B$192000$
  • C$198000$
  • D$202000$

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