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

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

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Correct Answer: Option D

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