Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

A trader did not maintain complete accounting records. The following details were available for 2020: - trade payables at 1 January: $32785 - trade payables at 31 December: $43630 - payments made to suppliers during the year: $72830 - discounts received in the year: $3450 What was the purchases value?

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

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