Use the information to answer this question

Payment to creditors ₦12,250
Creditors at start ₦550
Creditors at end ₦830

What us the amount of purchase

Rajiidris123

1 year ago

wrong correct answer is 12530

oluviccy

4 years ago

In yr 2019 princ. of account no. 56 the correct answer isn't in the option nd d option choosen is different from the one in the explanation

Chubi23

2 months ago

This is wrong and option d was mistyped. The correct answer is ₦12,530

The formula to find credit purchases is = Cash Paid to Creditors + (Closing Creditors - Opening Creditors).

₦12,250 + ₦830 - ₦550
=₦12,530