Question

From the following information, calculate the amount paid to Creditors:

₹

Sundry Creditors as on 01/04/2019 1,80,000

Discount earned 6,000

Returns outwards 7,000

Bills accepted 1,50,000

Credit purchases 2,00,000

Sundry Creditors as on 31/03/2020 1,90,000​

Answer 1

Answer:

Sundry creditors account

particular. amt. particular. amt

balance b/d. 180000

discount. 6000. purchase. a/c200000

return

outward. 7000

Bill payable 150000

cash a/c. 27000

(balancing

figure )

balance c/d 190000

Total. 380000. total. 380000