Question

Cash purchase can be calculated by preparing ......

Answer 1

Answer:

trial balance sheet....

Explanation:

hope the answer

Answer 2

They can be calculated by preparing Creditors Account.

• Creditors are the commodity sellers as well as money lenders.
• The creditor's account is set up to record the payment made to the supplier against the credit purchases and discounts they allow.
• Debiting the purchases account and crediting the creditors account are used to record credit purchases.
• The creditor's account should be checked on a regular basis to ensure that no incorrect credits have been made to any parties.