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.
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Answered by
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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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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