20.10 Bénji does not keep proper accounting records, and it is necessary to calculate her total purchases for the year ended 31 January 20X3 from the following information: 24 130,400 171,250 888,400 1,000 2,400 11,200 Trade payables: 31 January 20X2 31 January 20X3 Payment to suppliers Cost of goods taken from inventory by Senji for her personal use Refunds received from suppliers Discounts received What should be the figure for purchases, in Senji's financial statements for the year ended 31 January 20X3?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Using T accounts can you please explain the answer and why each entry goes where please the answe is 937050

20.10 Bénji does not keep proper accounting records, and it is necessary to calculate her total purchases for
the year ended 31 January 20X3 from the following information:
Trade payables: 31 January 20X2
31 January 20X3
Payment to suppliers
Cost of goods taken from inventory by Senji for her personal use
Refunds received from suppliers
130,400
171,250
888,400
1,000
2,400
11,200
Discounts received
What should be the figure for purchases, in Senji's financial statements for the year ended 31 January
20X3?
Transcribed Image Text:20.10 Bénji does not keep proper accounting records, and it is necessary to calculate her total purchases for the year ended 31 January 20X3 from the following information: Trade payables: 31 January 20X2 31 January 20X3 Payment to suppliers Cost of goods taken from inventory by Senji for her personal use Refunds received from suppliers 130,400 171,250 888,400 1,000 2,400 11,200 Discounts received What should be the figure for purchases, in Senji's financial statements for the year ended 31 January 20X3?
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