Day: September 22, 2022

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:

1. £118,330
2. £189,110
3. £205,530
4. £276,310

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct – £197,320 – £43,600 + £35,390 = £189,110
3. Not correct
4. Not correct

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