Q. Cash outflow on purchases is calculated by
a. Purchases + Opening Creditors + Opening B/P – Closing Creditors - Closing B/P
b. Purchases + Opening Creditors - Closing Creditors + Closing B/P
c. Purchases - Opening Creditors - Opening B/P + Closing Creditors + Closing B/P
d. None of the above
ANSWER: Purchases + Opening Creditors + Opening B/P – Closing Creditors - Closing B/P
Answer & Explanation
No explanation is available for this question!
