Question

Calculate the total purchases from the following information.
Particulars
Rs.
Opening Balance of creditors 3,000
Cash paid to creditors
90,000
Goods returned to creditors 15,000
Acceptances issued to creditors 90,000
Discount allowed by creditors 2,000
Closing balance of creditors
6,000
Cash purchases during the period amounted to Rs. 50,000/-​

Answer 1

Answer:

90000+90000+15000+6000+2000-3000=200000 credit purchase +50000 cash purchase = 250000rs