Question on: JAMB Accounting - 2015
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
A
N52,000
B
N51,000
C
N55,000
D
N50,000
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Correct Option: C
Total purchases = credit purchases plus cash purchases i.e. N52000 + N3000 = N55,000
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