Prepare the bills payableaccount from the following and find out missi

Prepare the bills payableaccount from the following and find out missing figure if any : Rs Bills accepted 1,05,000 Discount received 17,000 Purchases returns 9,000 Return inwards 12,000 Cash paid to accounts payable 50,000 Bills receivable endorsed to creditor 45,000 Bills dishonoured 17,000 Bad debts 14,000 Balance of accounts payable (closing) 85,000 Credit purchases 2,15,000

Answer»

Prepare the bills payable
account from the following and find out missing figure if any :

	Rs
Bills accepted	1,05,000
Discount received	17,000
Purchases returns	9,000
Return inwards	12,000
Cash paid to accounts payable	50,000
Bills receivable endorsed to creditor	45,000
Bills dishonoured	17,000
Bad debts	14,000
Balance of accounts payable (closing)	85,000
Credit purchases	2,15,000

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