Question

1. Find out credit and total purchases from the following particulars:
Balance of creditors on 1st Jan, 2003
Balance of creditors on 31st Dec, 2003
Cash paid to creditors
Cheques issued to creditors
Returns outwards
Discount received from creditors
B/P given to creditors
B/P dishonored
B/R endorsed to creditors
B/R endorsed to creditors dishonoured
Cash purchases
Rs.
60,000
48,000
2,40,000
80,000
10,000
7,200
17,000
4,000
6,000
2,400
1,00,000

Answer 1

Answer:

rilulhekru3lky23uljeyof4i6odyirs79so64sotyk kuof

so pup7c5o6z7px07xp8xzp7rpz7rpz8r

Answer 2

Answer:

Particulars

Amount

(Rs)

Capital at the end

90,000

Add: Drawings

5,000

95,000

Less: Additional Capital Introduced

(10,000)

Adjusted Capital at the end

85,000

Less: Capital in the beginning

60,000

Net Profit for the year

25,000