A manufacturer has provided the following details for goods purchased on account in different months. The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months.

Question

A manufacturer has provided the following details for goods purchased on account in different months.  The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months.

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The Answer of A manufacturer has provided the following details for goods purchased on account in different months.  The terms of payment offered by the suppliers are to pay 70% in the month of purchase and 30% in the following month. Calculate the payments on account made during the first six months.

A Manufacturer Has Provided the Following Details for Goods Purchased