Question
Balance of opening creditors = Rs 60,000 , Balance of closing creditors = Rs 80,000 , Payments made during the year = Rs 1,40,000. What is the amount of credit purchases during the year?
Answer: Option B
:
B
Credit purchases= Closing creditors + Payments - Opening creditors = Rs 1,60,000.
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:
B
Credit purchases= Closing creditors + Payments - Opening creditors = Rs 1,60,000.
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