From the following information calculate total purchases.Creditors April 01, 2016....... 30,000Creditors March 31, 2017......... 20,000Opening balance of Bills payable............... 25,000Closing balance of Bills payable................ 35,000Cash paid to creditors........ 1,51,000Bills discharged.......... 44,500Cash purchases.......... 1,29,000Return outwards........... 6,000
From the following information calculate total purchases.Creditors April 01, 2016....... 30,000Creditors March 31, 2017......... 20,000Opening balance of Bills payable............... 25,000Closing balance of Bills payable................ 35,000Cash paid to creditors........ 1,51,000Bills discharged.......... 44,500Cash purchases.......... 1,29,000Return outwards........... 6,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From the following information calculate total purchases.
Creditors April 01, 2016....... 30,000
Creditors March 31, 2017......... 20,000
Opening balance of Bills payable............... 25,000
Closing balance of Bills payable................ 35,000
Cash paid to creditors........ 1,51,000
Bills discharged.......... 44,500
Cash purchases.......... 1,29,000
Return outwards........... 6,000
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