
A trader does not keep double-entry records.
- At the beginning of a period, suppliers are owed £43,600.
- Payments of £197,320 were made in the period.
- Suppliers are owed £35,390 at the end of the period.
What are the total purchases for the period?
Select ONE answer:
- £118,330
- £189,110
- £205,530
- £276,310
Show your workings to arrive at your answer, and explain and justify your reasons:
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This multiple-choice question is suitable for Accounting KS5 classes.
The answer is 2
- Not correct
- Correct – £197,320 – £43,600 + £35,390 = £189,110
- Not correct
- Not correct
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