Prepare the bills payable account from the following and find out miss

1.	Prepare the bills payable account from the following and find out missing figure if any (Rs.)Bills accepted1,05,000Discount received 17,000Purchases returns 9,000Return inwards 12,000Cash paid to accounts payable 50,000Bills receivable endorsed to creditor 45,000Bills dishonoured 17,000Bad debts 14,000Balance of accounts payable(closing) 85,000Credit purchases2,15,000
Answer» Prepare the bills payable account from the following and find out missing figure if any $\begin{matrix} (R s .) Bills accepted & 1, 05, 000 Discount received & 17, 000 Purchases returns & 9, 000 Return inwards & 12, 000 Cash paid to accounts payable & 50, 000 Bills receivable endorsed to creditor & 45, 000 Bills dishonoured & 17, 000 Bad debts & 14, 000 Balance of accounts payable(closing) & 85, 000 Credit purchases & 2, 15, 000 \end{matrix}$

Prepare the bills payable account from the following and find out missing figure if any (Rs.)Bills accepted1,05,000Discount received 17,000Purchases returns 9,000Return inwards 12,000Cash paid to accounts payable 50,000Bills receivable endorsed to creditor 45,000Bills dishonoured 17,000Bad debts 14,000Balance of accounts payable(closing) 85,000Credit purchases2,15,000

Answer»

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

$\begin{matrix} (R s .) Bills accepted & 1, 05, 000 Discount received & 17, 000 Purchases returns & 9, 000 Return inwards & 12, 000 Cash paid to accounts payable & 50, 000 Bills receivable endorsed to creditor & 45, 000 Bills dishonoured & 17, 000 Bad debts & 14, 000 Balance of accounts payable(closing) & 85, 000 Credit purchases & 2, 15, 000 \end{matrix}$

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