Question

) At 1 november 2014 Brian owed $28,754 to his suppliers. During the year he paid his suppliers a

Answer 1

Given the sums paid and owed to suppliers for the year ending on October 31, 2015, the value of Brian's credit purchase was $188, 409.

What was the credit purchase value ?

Brian's credit purchased in the year that ended 31 October 2015, can be found by the formula :
= Amount owed by Brian in 2014 + Amount paid by Brian in 2015 - Amount owed at 31 October 2015

Solving this equation would give us a value of :

= $ 28, 754 + 185, 844 - 26, 189

= $ 188 , 409

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