At 31 October 2006 Zaid owed his suppliers $13,856. During the year to 31 October 2007, his payments to suppliers totalled $95,886, and at 31 October 2007 he owed $11,552. What is the value of Zaid's credit purchases for the year to 31 October 2007? $93,582 B s70,478 $121,294 $98,190

At 31 October 2006 Zaid owed his suppliers $13,856. During the year to 31 October 2007, his payments to suppliers totalled $95,886, and at 31 October 2007 he owed $11,552. What is the value of Zaid's credit purchases for the year to 31 October 2007? $93,582 B s70,478 $121,294 $98,190

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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Question

At 31 October 2006 Zaid owed his suppliers $13,856. During the year to 31 October
2007, his payments to suppliers totalled $95,886, and at 31 October 2007 he owed
$11,552.
What is the value of Zaid's credit purchases for the year to 31 October 2007?
$93,582
B 570,478
$121,294
$98,190

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