Al Bushra LLC accounting records shows the following for the year ending on 31 December 2017, Purchase Discounts RO 560, Purchases RO 30,000, Transportation in RO 30. Ending Inventory (Counted) RO 2880, Purchase Returns 640. The value of Net Cost of Purchases assuming that the business does not have any beginning merchandise inventory a. RO 28,830 b. RO 28,800 c. RO 25,950 d. RO 28,770
Al Bushra LLC accounting records shows the following for the year ending on 31 December 2017, Purchase Discounts RO 560, Purchases RO 30,000, Transportation in RO 30. Ending Inventory (Counted) RO 2880, Purchase Returns 640. The value of Net Cost of Purchases assuming that the business does not have any beginning merchandise inventory a. RO 28,830 b. RO 28,800 c. RO 25,950 d. RO 28,770
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Al Bushra LLC accounting records shows the following for the year ending on 31 December 2017, Purchase Discounts RO 560, Purchases RO 30,000, Transportation in RO 30. Ending Inventory (Counted) RO 2880, Purchase Returns 640. The value of Net Cost of Purchases assuming that the business does not have any beginning merchandise inventory
a.
RO 28,830
b.
RO 28,800
c.
RO 25,950
d.
RO 28,770
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