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Opening Inventory Is £29,000, Closing Inventory Is £31,000, Purchases Are

Question 16

Multiple Choice

Opening inventory is £29,000, closing inventory is £31,000, purchases are £128,000, and purchase returns are £8,500.
There was an opening balance on the supplier's account of £10,000 and a closing balance of £12,500. How much was paid to the suppliers in the period.


A) £128,000
B) £117,500
C) £119,500
D) £117,000

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