Answer :
To determine the credit possess, we need to use the provided financial information and understand how these figures relate to it. Let's interpret the steps clearly:
1. Cash Purchase: This is the amount paid in cash for purchases during the period and is given as 29,641.
2. Creditors at the Beginning (1/01/14): This reflects the amount owed to creditors at the start of the period, which is 2,473.
3. Creditors at the End (31/12/14): This reflects the amount owed to creditors at the end of the period, which is 3,117.
4. Cash Paid to Creditors: This is the total amount of cash paid to creditors during the period, which is 127,345.
5. Discount Received: This is the discount received during the period for early payment or other reasons, which is 4,211.
To find the credit possess, we can follow these steps:
[tex]\[ \text{Credit possess} = \text{Cash purchase} + \text{Creditors at the start} - \text{Creditors at the end} - \text{Cash paid to creditors} - \text{Discount received} \][/tex]
Plugging in the values:
[tex]\[ \text{Credit possess} = 29,641 + 2,473 - 3,117 - 127,345 - 4,211 \][/tex]
Let's compute each step individually:
1. Add Cash Purchase and Creditors at the Start:
[tex]\[ 29,641 + 2,473 = 32,114 \][/tex]
2. Subtract Creditors at the End:
[tex]\[ 32,114 - 3,117 = 28,997 \][/tex]
3. Subtract Cash Paid to Creditors:
[tex]\[ 28,997 - 127,345 = -98,348 \][/tex]
4. Subtract Discount Received:
[tex]\[ -98,348 - 4,211 = -102,559 \][/tex]
Thus, the credit possess is:
[tex]\[ -102,559 \][/tex]
This result means that the organization ended up with a net negative amount in their credit transactions.
### Question 24
The credit possess is:
[tex]\[ \text{Answer: } \quad -102,559 \][/tex]
### Question 25
Given that the negative value means you have a liability or overdraft:
The total possess would be understood as the magnitude of the negative value, and the closest match in context is:
[tex]\[ \text{a. D$ \mid 61,841$ (likely representing the negative's magnitude)} \][/tex]
Taking the negative into account, option a is the closest to the described possess in magnitude terms:
[tex]\[ -102,559 \][/tex]
Thus, the answers are:
24. None of the options provided match the calculated -102,559 directly implying that there might be an error or oversight.
25. The closest interpretation within the given choices is:
[tex]\[ \text{a. D$ \mid 61,841$} \][/tex]
1. Cash Purchase: This is the amount paid in cash for purchases during the period and is given as 29,641.
2. Creditors at the Beginning (1/01/14): This reflects the amount owed to creditors at the start of the period, which is 2,473.
3. Creditors at the End (31/12/14): This reflects the amount owed to creditors at the end of the period, which is 3,117.
4. Cash Paid to Creditors: This is the total amount of cash paid to creditors during the period, which is 127,345.
5. Discount Received: This is the discount received during the period for early payment or other reasons, which is 4,211.
To find the credit possess, we can follow these steps:
[tex]\[ \text{Credit possess} = \text{Cash purchase} + \text{Creditors at the start} - \text{Creditors at the end} - \text{Cash paid to creditors} - \text{Discount received} \][/tex]
Plugging in the values:
[tex]\[ \text{Credit possess} = 29,641 + 2,473 - 3,117 - 127,345 - 4,211 \][/tex]
Let's compute each step individually:
1. Add Cash Purchase and Creditors at the Start:
[tex]\[ 29,641 + 2,473 = 32,114 \][/tex]
2. Subtract Creditors at the End:
[tex]\[ 32,114 - 3,117 = 28,997 \][/tex]
3. Subtract Cash Paid to Creditors:
[tex]\[ 28,997 - 127,345 = -98,348 \][/tex]
4. Subtract Discount Received:
[tex]\[ -98,348 - 4,211 = -102,559 \][/tex]
Thus, the credit possess is:
[tex]\[ -102,559 \][/tex]
This result means that the organization ended up with a net negative amount in their credit transactions.
### Question 24
The credit possess is:
[tex]\[ \text{Answer: } \quad -102,559 \][/tex]
### Question 25
Given that the negative value means you have a liability or overdraft:
The total possess would be understood as the magnitude of the negative value, and the closest match in context is:
[tex]\[ \text{a. D$ \mid 61,841$ (likely representing the negative's magnitude)} \][/tex]
Taking the negative into account, option a is the closest to the described possess in magnitude terms:
[tex]\[ -102,559 \][/tex]
Thus, the answers are:
24. None of the options provided match the calculated -102,559 directly implying that there might be an error or oversight.
25. The closest interpretation within the given choices is:
[tex]\[ \text{a. D$ \mid 61,841$} \][/tex]