Neco 2017 Financial Accounting Question 33

The following partial trial balance for the year ended 31 December is given (all amounts in naira):\n\nCash \(\).............. 50,000 (Dr)\nBank \(\).............. 30,000 (Dr)\nDebtors \(\)........... 20,000 (Dr)\nCreditors \(\)........ 15,000 (Cr)\nCapital \(\)........... 80,000 (Cr)\nDrawings \(\)......... 10,000 (Dr)\nOpening Stock \(\).... 25,000 (Dr)\nClosing Stock \(\).... 35,000 (Dr)\nRent Expense \(\)..... 12,000 (Dr)\nSales \(\)............ ? (Cr)\nPurchases \(\)........ ? (Dr)\n\nAdditional information:\n- Cash sales amount to 18,000 naira; the remainder of sales are on credit.\n- The gross profit ratio is 30% of net sales.\n- No other purchases, returns or adjustments are recorded.\nDetermine the amount of Purchases for the year.