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What is the cash paid to suppliers for the period

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Problem - The following information relates to Sevenel Ltd for the period ended 31 December 2020.

Cost of goods sold for the year 430,000

Discount received for early payment to suppliers 21,000

Opening balance of trade creditors 200,000

Closing balance of trade creditors 260,000

Opening balance of inventory 110,000

Closing balance of inventory 128,000

Required - What is the cash paid to suppliers for the period?

Reference no: EM133016215

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