Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 54,000; creditors at the beginning 4000; c...
Calculate the total purchase of a business from the given information, cash purchases 3000; payments to creditors 54,000; creditors at the beginning 4000; creditors at the end 2,000
Answer Details
Total purchases = credit purchases plus cash purchases i.e. ₦52000 + ₦3000 = ₦55,000