Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

The trader did not maintain complete accounting records. The information below was available for 2015. trade payables at 1 January: $32785$ trade payables at 31 December: $43630$ cash paid to suppliers during the year: $72830$ discounts obtained during the year: $3450$ What was the amount of purchases?

  • A$58535$
  • B$65435$
  • C$80225$
  • D$87125$

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