O-LevelAccountingPreparation of financial statements7707/13 · Oct/Nov 2023 · Q231 Mark

A trader provided the following data. [Table showing: total purchases $25301, purchase returns $1945, carriage inwards $748, goods taken for own use $1425] What was the net figure for purchases in the income statement?

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A$21931

B$22679

C$23356

D$24 104

✓ Correct answer

B: $22679

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Topic: Preparation of financial statements, O-Level Accounting (syllabus 7707). Multiple choice, 1 mark.
Source: O-Level Accounting, Oct/Nov 2023 Paper 1 Variant 3, question 23.

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A trader provided the following data. [Table showing: total purchases $25301, purchase returns $1945, carriage inwards $748, goods taken for own use $1425] What was the net figure for purchases in the income statement?

✓ Correct answer

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