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  9. Q4
Question 4

The total of the creditors at the beginning of the year was N4600 and at the end of the year N5250. During the year, N26500 was paid to suppliers and N130 was received in discounts from these suppliers. The purchases for the year would be

  • A.N26630
  • B.N27 038
  • C.N27 150
  • D.N27 280
Objective

Question details

Exam body
UI
Subject
Financial Accounting
Year
2012/2013
Question no.
#4
Type
Objective
Previous · Q3The purchases ledger control account of a company had an opening balance of N45… Next · Q5 Tunde purchased goods from Femi by cash worth N1,000 with 10% cash discount…

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