Accounting 0452 · IGCSE · Sole traders

Sole traders — practice question

A trader gave the following information: total purchases $25301; purchase returns $1945; carriage inwards $748; goods taken for own use $1425. What was the net figure for purchases in the income statement?

  • A$21931
  • B$22679
  • C$23356
  • D$24104

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