Given: Cash purchases ..............................N25000 Trading creditors............................N45000 Opening balance of trade creditors...........N35000 Calculate the purchases for...

FINANCIAL
JAMB 2002

Given:

Cash purchases ..............................N25000

Trading creditors............................N45000

Opening balance of trade creditors...........N35000

Calculate the purchases for the period?

  • A. N80,000
  • B. N35,000
  • C. N105,000
  • D. N70,000

Correct Answer: D. N70,000



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.