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

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
Correct Answer: Option D
Explanation
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