WAEC - Accounts Principles Of Accounts (2018 - No. 34)

Use the following information to answer the question below

  01/01/2016 31/12/2016
Trade debtors-------80,000 100,000
Trade creditors-----30,000  40,000
Stock-----------------70,000 90,000

Cheques received from trade debtors in 2016: 350,000
Payment made to trade creditors in 2016: 220,000

 

Credit purchase for 2016 is?

290,000
230,000
220,000
210,000

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