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What is the total purchase for the period?

Use the information below to answer the question that follows
(begin{array}{c|c}
Creditors & 3,000 & 4,000 \
hline
Debtors &_ & 6,000 \
hline
text{Cash received from debtors} &_ & 35,000 \
hline
text{cash paid to suppliers} &__ & 25,000 \
hline
text{Discount allowed} &___ & 4,000 \
hline
text{Discount received} &___ & 4,200 \
end{array})

What is the total purchase for the period?

  • A.
    N30,200
  • B.
    N30,000
  • C.
    N25,000
  • D.
    N31,200
Correct Answer: Option C
Explanation