o Inventory and Accounts Tesco Plc. is the U.K.\'s largest grocery store chain.

Question

o Inventory and Accounts Tesco Plc. is the U.K.'s largest grocery store chain. It applies IFRS and reports its results in beginning of the year, as follows Millions of E) End of Beginning £2,420 3,936 of Year £1,911 3,317 Trade Payables During the year ended Tesco paid its suppliers E43,558 million. Assume that Trade Payables relates only to inventory Enter all amounts in millions of pounds sterling. Hide a. What journal entry did Tesco make to record the payments to suppliers during the year? 0 Trade Payables 43558

Explanation / Answer

Accounts titles debit credit Trade payable 43558 Cash 43558

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