Question - 13
Find out the credit sales, Credit purchases and total purchase from the following infomation given :
Balance of debtors Rs. 36,000.
(On 1st Jan, 2000)
Balance of creditors Rs. 30,000
(On 1st Jan, 2000)
Balance of debtors Rs. 54,000
(On 31st Dec., 2000)
Balance creditors Rs. 24,000
(On 31st Dec., 2000)
Cash received from debtors Rs. 1,50,000
Cash paid to creditors Rs. 1,20,000Cash returned to debtors Rs. 2,000
Cheque issued to creditors Rs. 40,000
Returns inward Rs. 6,000
Returns outward Rs. 5,000
Discount allowed Rs. 1,500
Discount received from creditors Rs. 3,600
B/R received from debtors Rs. 10,000
B/R descounted Rs. 5,000
B/R dishonoured Rs. 3,000
B/P given to creditors Rs. 8,500
B/P dishonoured Rs. 2,000
Cash purchases Rs. 50,000.
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