Office equipment store Officework Ltd has made the following purchase from supplier GX:50 printers costing...

CIMA BA3 Question Answer

Office equipment store Officework Ltd has made the following purchase from supplier GX:

50 printers costing £3,500 £6,400

worth ofA4 paper £101,500

worth of general stationary

This purchase has been made on credit. Which TWO of the following show how the transaction should be recorded in Officework Ltd's documents?

£111,400 debit to payables

£111,400 debit to purchases

£111,400 credit to purchases

£111,400 credit to payables

£111,400 credit to stock

£111,400 debit to stock

£111,400 credit to receivables

CIMA BA3 Summary

Price: $52.5 ~~$149.99~~