\(\begin{array}{c|c} & \text{1/6/2011} & \text{30...
Use the following information to answer the question given
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{Creditor} & 2,495 & 2,285\\ \text{Debtors} & 1,215 & 2,145 \\ \text{Cash paid to creditors} & - & 32,170\\ \text{Cash received from customers} & - & 40,650\\ \text{Goods returned to suppliers} & - & 500\end{array}\)
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
Which of the following will a supplier send to a customer whose invoice was undercast? ...
Which of the following accounts would appear in the nominal ledger? i. Sanison's account(...
The difference between the market value of goods produced and the cost of production is ...
D Motor vehicle 500000 Stock 35000 ...
\(\begin{array}{c|c} & \text{Dr GH¢} & \text{Cr GH¢} \\ \hline Advertising & 3...
Purchases can be ascertained through the preparation of a ...
Which of the following does not relate to government accounting system? ...