Question

Particulars	Amount (₹)
Inventory at the beginning	40,000
Credit Purchase	1,60,000
Inventory at the end	38,000
Trade payable at the beginning	14,000
Trade payable at the end	14,500

Cash paid for inventory is:

• A. ₹1,59,000
• B. ₹1,60,000
• C. ₹1,59,500
• D. ₹1,60,500

Answer 1

The Correct Option is C

The correct option is (C): ₹1,59,500