\(\begin{array}{c|c} & \text{1/6/2011} & \text{30...
Use the following information to answer the question given
1/6/201130/5/2012DDCreditor2,4952,285Debtors1,2152,145Cash paid to creditors−32,170Cash received from customers−40,650Goods returned to suppliers−500 Purchases for the year is
D32,880
D32,780
D32,460
D31,960
Correct answer is C
Purchase = closing creditor - opening creditor + cash from paid to creditors + returns outwards
2,285 - 2,495 + (32,170 + 500)
-210 + 32,670 = 32,460