01/01/2016   31/12/2016
Trade debtors-------80,000           100,000
Trade creditors-----30,000            40,000
Stock-----------------70,000             90,000

Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000

Credit purchase for 2016 is?

Similar Questions

Assets which are readily convertible into cash are termed as ...

"A business unit is assumed to operate into foreseeable future and earn reasonable net income&q...

Where a non-profit making organization prepares the account using accruals basis of reporting, the s...

The basic role of accounting is to? ...

Interest on drawings amounted to ...

A class of preference shares in which dividend rights are carried forward is ...

The accumulative fund of a non-for-profit making organization is ...

Adex Company Limited issued ordinary shares N1 each to the public at N1.20. The statement were issue...

An asset was bought on 1st January, 1992 for N20,000. Depreciation was provided for annually at 20% ...

A discount that is allowed to encourage a debtor to pay off his debt within a period is the ...