Use the following information to answer the given question (begin{array}{c|c} & text{1st Jan.} & text{31st…

Use the following information to answer the given question
(begin{array}{c|c} & text{1st Jan.} & text{31st Dec.} \ & ₦ & ₦ \ creditors & 4,200 & 5,200 \ stocks & 3,600 & 3,200 \ text{cash paid to creditors during the year was ₦18,000} end{array})
Purchases for the year was
  • A.
    ₦19,400
  • B.
    ₦19,000
  • C.
    ₦18,000
  • D.
    ₦17,000
Correct Answer: Option B
Explanation
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