Accountancy, asked by veda4043, 3 months ago

5. From the following information are given of an accounting year.
1. Opening creditor Rs. 10,000
2. Cash paid to creditors Rs. 30,000
3. Return outward Rs.2,000
4. Closing creditors Rs.24,000
Calculate credit purchase during the year.

Answers

Answered by Anonymous
17

Answer:

Sundry creditors as on March 31, 2005 1,80,425

Discount received 26,000

Discount allowed 24,000

Return outwards 37,200

Return Inward 32,200

Bills accepted 1,99,900

Bills endorsed to creditors 26,000

Creditors as on April 1, 2006 2,09,050

Total Purchase 8,97,000

Cash Purchase 1,40,000

Explanation:

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Answered by gargivy1510
2

Answer:

ᴅᴇᴠᴇʟᴏᴘ ɪɴ ʜᴏᴛ ᴀɴᴅ ʜᴜᴍɪᴅ ᴀʀᴇᴀs. ʜɪɢʜ ᴛᴇᴍᴘᴇʀᴀᴛᴜʀᴇ ɪɴ ᴛʜɪs ᴀʀᴇᴀs ᴄᴀᴜsᴇ ʜᴏᴛ ʜᴜᴍɪᴅ (ᴡɪᴛʜ ᴡᴀᴛᴇʀ ᴠᴀᴘᴏᴜʀs) ᴀɪʀ ᴛᴏ ʀɪsᴇ ᴜᴘ. sᴏ, sᴛʀᴏɴɢ ᴜᴘᴡᴀʀᴅ ʀɪsɪɴɢ ᴡɪɴᴅs ᴡɪᴛʜ ᴡᴀᴛᴇʀ ᴅʀᴏᴘʟᴇᴛs ᴀʀᴇ ɢᴇɴᴇʀᴀᴛᴇᴅ. ... ᴜᴘᴡᴀʀᴅ ᴍᴏᴠᴇᴍᴇɴᴛ ᴏғ ᴀɪʀ ᴀɴᴅ ᴅᴏᴡɴᴡᴀʀᴅ ᴍᴏᴠᴇᴍᴇɴᴛ ᴏғ ᴡᴀᴛᴇʀ ᴅʀᴏᴘs, ᴛᴏɢᴇᴛʜᴇʀ, ᴄᴀᴜsᴇ ʟɪɢʜᴛɴɪɴɢ ᴀɴᴅ sᴏᴜɴᴅ.

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