Accounts - Principles of Accounts
JAMB 1998
Determine the year''s purchase from the following information relating to a firm.
Total creditor''s b/f N 7,200
Total cash payment to suppliers N 98,800
Total creditors c/f N 8,400
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A.
N7,200
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B.
N98,800
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C.
N100,000
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D.
N105,800
Correct Answer: Option C
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