Question

find total purchase if cash purchase =85000, credit purchase=1, 87,000 , purchase return=5000, and creditors =40000​

Answer 1

Answer:

317000

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Answer 2

Answer:

For getting the figure of cash paid to creditors it would be appropriate to prepare the sundry creditor's account.

Dr Sundry Creditor's Account Cr.

Date Particulars JF Amt.(Rs) Date Particulars JF Amt. (Rs)

To Discount Received A/c 26,000 2005 Mar 31 By Balance b/d

By Purchase 1,80,425

To Return Outward 37,200 Credit Purchase only 7,57,000

To Bills

Payable A/c

1,99,000

To (Bills endorsed to Creditors) b/R 26,000

2006 Apr 1 To Balance c/d

2,09,050

To Cash A/c

Cash paid (b/f)

4,40,175

9,37,425 9,37,425

Working Note

Credit Purchase = Total Purchase - Cash Purchase

Credit Purchase = (8,97,000−1,40,000)=Rs.7,57,000

Amount Paid to Creditors = Rs4,40,175