During the month of March 2022, Turaco sole trader purchased goods to the value of N$12 000, of which a half (½) was sold for N$10 000 during May. In addition, returns outwards and returns inwards for the month amounted were N$2 000 and N$500, respectively. Compute the net purchases.

During the month of March 2022, Turaco sole trader purchased goods to the value of N$12 000, of which a half (½) was sold for N$10 000 during May. In addition, returns outwards and returns inwards for the month amounted were N$2 000 and N$500, respectively. Compute the net purchases.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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