Homework Help is Here – Start Your Trial Now!
Business
Accounting
iven the following data  Total Purchases  -  150000   Cash purchases - 45000   Purchase return - 5000   Opening Creditors  - 30000   Closing creditors - 20000     What will be the number of Average creditors? a. 30000 b. 25000 c. 50000 d. 35000

iven the following data  Total Purchases  -  150000   Cash purchases - 45000   Purchase return - 5000   Opening Creditors  - 30000   Closing creditors - 20000     What will be the number of Average creditors? a. 30000 b. 25000 c. 50000 d. 35000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Given the following data 

Total Purchases  -  150000

 

Cash purchases - 45000

 

Purchase return - 5000

 

Opening Creditors  - 30000

 

Closing creditors - 20000

 

 

What will be the number of Average creditors?

a.

30000

b.

25000

c.

50000

d.

35000

.........

Given the following data 

 

Total Sales

250000

Cash sales

125000

Sales Return

5000

opening Sundry Debtors

20000

Closing Sundry Debtors

10000

What will be the average debtors?

 

a.

30000

b.

7500

c.

10000

d.

15000

Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS