The following information isgiven
Rs
Opening creditors
60,000
Cash paid to creditors
30,000
Closing creditors
36,000
Returns Inward
13,000
Bill matured
27,000
Bill dishonoured
8,000
Purchases return
12,000
Discount allowed
5,000
Calculate credit purchasesduring the year
The following information isgiven
|
| Rs |
| Opening creditors | 60,000 |
| Cash paid to creditors | 30,000 |
| Closing creditors | 36,000 |
| Returns Inward | 13,000 |
| Bill matured | 27,000 |
| Bill dishonoured | 8,000 |
| Purchases return | 12,000 |
| Discount allowed | 5,000 |
Calculate credit purchasesduring the year
| Creditors Account | ||||
| Dr. | Cr. | |||
| Particulars | Amount Rs | Particulars | Amount Rs | |
| Cash | 30,000 | Balance b/d | 60,000 | |
| Purchases Return | 12,000 | B/P (dishonoured) | 8,000 | |
| B/P (accepted) (see note) | 27,000 | By Purchases – credit  | 37,000 | |
| Balance c/d | 36,000 | (Balancing figure) |
| |
|
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|
| |
|
| 1,05,000 |
| 1,05,000 | |
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Note: In order to match the answer with NCERT book, in thesolution bills payable matured has been assumed as bills payable accepted.