WAEC - Accounts Principles Of Accounts (2012 - No. 26)
If creditors at 1\1\10 were Le 3,000; creditors at 31/12/10 Le 5,500 and payments to creditors Le 29,000. The purchases figure for 2010 is
Le 34,500
Le 32,000
Le 31,500
Le 26,500
Explanation
29000 - 3000 = 26000
26000 + 5500 = 31500
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