🧠 Quick Quiz — Can you get this right? A business purchased goods for $9,000 on credit. Before the year-end, goods costing $1,500 were returned to the supplier. What balance should be shown in Trade Payables? A) $1,500 B) $7,500 C) $9,000 D) $10,500 Think it through before scrolling... 👇 . . . . . ✅ Answer: B — $7,500 The business originally owed the supplier $9,000. After returning goods worth $1,500, the amount owed is reduced: $9,000 − $1,500 = $7,500 Trade payables should always reflect the amount still owed to suppliers at the reporting date. How did you do? 💪 ✈️@acca_with_bekhzod✈️
July 21, 2026 4.4K 6 4
