Q. Cash outflow on purchases is calculated by (Solved)
1. Purchases + Opening Creditors + Opening B/P – Closing Creditors - Closing B/P
2. Purchases + Opening Creditors - Closing Creditors + Closing B/P
3. Purchases - Opening Creditors - Opening B/P + Closing Creditors + Closing B/P
4. None of the above
- a. Purchases + Opening Creditors + Opening B/P – Closing Creditors - Closing B/P