A-LevelAccountingPreparation of financial statements9706/12 · Oct/Nov 2016 · Q111 Mark

A trader did not keep full accounting records. The following information was available for 2015. $ trade payables on 1 January 32785 trade payables on 31 December 43630 payments to suppliers during the year 72830 discounts received during the year 3450 What was the value of purchases?

A$58535

B$65435

C$80225

D$87125

✓ Correct answer

D: $87125

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Topic: Preparation of financial statements, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source: A-Level Accounting, Oct/Nov 2016 Paper 1 Variant 2, question 11.

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A trader did not keep full accounting records. The following information was available for 2015. $ trade payables on 1 January 32785 trade payables on 31 December 43630 payments to suppliers during the year 72830 discounts received during the year 3450 What was the value of purchases?

✓ Correct answer

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