Annie is a sole trader who does not keep fall accourting reconds. The following details relate to her transactions with credit customers and supplers tor the year ended 30 June 20K5. Trade receivables, 1 July 20K5 Trade payabies, 1 Juy 20X5 Cash received from customens Cash paid to suppliers Discounts received 130,000 60,000 686,400 302,800 2,960 2,000 181,000 84,000 Contra betwoen payables and recenables ledgers Trade receivables, 30 June 20K6 Trade payabies, 30 June 20X6 What figure should appear for purchases in Anniets statemert of prafit or loss for the year ended 30 June 20X6?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Annie is a sole trader who does not keep full accounting records. The following details relate to her
transactions with credit customers and suppliers for the year ended 30 June 20X6:
Trade receivables, 1 July 20X5
Trade payables, 1 July 20X5
Cash received from customers
Cash paid to suppliers
Discounts received
Contra between payables and recervables lodgers
Trade receivables, 30 June 20X6
Trade payables, 30 June 20X6
130,000
60,000
686,400
302,800
2,960
2,000
181,000
84,000
What figure should appear for purchases in Anniets statement of profit or loss for the year ended
30 June 20X6?
Transcribed Image Text:Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers for the year ended 30 June 20X6: Trade receivables, 1 July 20X5 Trade payables, 1 July 20X5 Cash received from customers Cash paid to suppliers Discounts received Contra between payables and recervables lodgers Trade receivables, 30 June 20X6 Trade payables, 30 June 20X6 130,000 60,000 686,400 302,800 2,960 2,000 181,000 84,000 What figure should appear for purchases in Anniets statement of profit or loss for the year ended 30 June 20X6?
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