Accounting 9706 · AS & A Level · Reconciliation and verification

Reconciliation and verification — practice question

For the year ended 31 December 2021, the following information is given. Trade payables on 1 January 2021: 18000 Trade payables as at 31 December 2021: 14000 Discount received amounted to: 6000 Payments made to credit suppliers: 158000 Returns outwards total: 3000 Contra entries to the sales ledger control account: 2000 What was the amount of credit purchases for the year?

  • A$143000
  • B$161000
  • C$165000
  • D$173000

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