Question

b. Find out the credit purchase and total Purchase from the following particulars.

particulars amounts

-balance of Creditors on- 30,000
1 April, 2018
-balance of creditors on- 24,000
31 march 2019
-cash paid to 12,0000 Creditors-
- Returns outwards- 5,000 -cheque issued to creditors- 40,000
- Discount received from- 3,600
creditors
- B/p given to creditors - 8,500
- B/p dishonured- 2,000
-B/r endorsed to- 3,000
Creditors
-B/r endorsed to Creditors - 1,200 dishonoured.
- Cash Purchases- 50,000​

Answer 1

Answer:

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