Question

1. The following information relates with credit purchases for the two years 2017-18 and 2018-
19.
(3)
Particulars
2017-18(Rs) 2018-19(Rs)
Opening balance of trade payables
50,000
Closing balance of trade payables
24,000
60,000
Credit Purchase
2,40,000
4,80,000
Discount Received
3,000
4,000
Returns Outward
7,000
6,000
Find out whether the cash outflow has increased or what is the amount of change?
If only one year's information is given, find out Cash Flow for that year.​

Answer 1

Answer:

The following information relates with credit purchases for the two years 2017-18 and 2018-

19.

(3)

Particulars

2017-18(Rs) 2018-19(Rs)

Opening balance of trade payables

50,000

Closing balance of trade payables

24,000

60,000

Credit Purchase

2,40,000

4,80,000

Discount Received

3,000

4,000

Returns Outward

7,000

6,000

Find out whether the cash outflow has increased or what is the amount of change?

If only one year's information is given, find out Cash Flow for that year.

Explanation:

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