From following details determine
Payment to Creditors: Opening
Creditors - Rs. 2,000, Credit
Purchase - Rs. 32,000, Discount
earned - Rs. 2,000 & Closing
Creditors - 4,000.
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Answer:
Payment to creditors = opening credit + purchase - discount - closing creditors
= 2,000 + 32,000 - 2,000 - 4,000 = 28,000
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