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Fadia Set Up Her Retail Business on 1 October 2018

Question 42

Multiple Choice

Fadia set up her retail business on 1 October 2018. She trades with her suppliers on credit. During her first financial year ended 30 September 2019, Fadia's suppliers delivered goods with a total value of £78,950. By 30 September 2019, Fadia had returned goods with a value of £2,750, had received discounts from her suppliers totalling up to £895 and had made total payments to her suppliers of £72,308. What is the figure that will appear in Fadia's trial balance for trade payables at 30 September 2019?


A) £2,997
B) £3,892
C) £5,747
D) £6,642

Correct Answer:

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