1.

From the following information supplied by X, who keeps his books on Single Entry System, you are required to calculate Total Purchases: ₹ Opening balance of Bills Payable 5,000 Opening balance of Creditors 6,000 Closing balance of Bills Payable 7,000 Closing balance of Creditors 4,000 Cash paid to Creditors during the year 30,200 Bills Payable discharged during the year 8,900 Returns Outward 1,200 Cash Purchases 25,800

Answer» From the following information supplied by X, who keeps his books on Single Entry System, you are required to calculate Total Purchases:







































₹
Opening balance of Bills Payable 5,000
Opening balance of Creditors 6,000
Closing balance of Bills Payable 7,000
Closing balance of Creditors 4,000
Cash paid to Creditors during the year 30,200
Bills Payable discharged during the year 8,900
Returns Outward 1,200
Cash Purchases 25,800


Discussion

No Comment Found

Related InterviewSolutions