Credit purchases can be obtained by preparing:

Cash Book

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Statement of affairs

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Debtors account

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Creditors account

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Solution

The correct option is D
Creditors account

Credit purchases can be obtained by preparing creditors account.

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Similar questions

What is the correct formula for calculating credit purchases from creditors account?

Explain how the following may be ascertained from incomplete records

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash

Q. Prepare Accounting Equation on the basis of the following transactions:
(a) Started business with cash ₹ 70,000.
(b) Credit purchase of goods ₹ 18,000.
(c) Payment made to creditors in full settlement ₹ 17,500.
(d) Purchase of machinery for cash ₹ 20,000.

Q. Credit Purchase can be obtained by preparing .

On scrutiny of the books of account, accountant found that, purchase return of Rs 1000 was omitted to be entered in the books of a/c. What shall be the rectifying entry for the same error.

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Credit purchases can be obtained by preparing:

The correct option is D Creditors account Credit purchases can be obtained by preparing creditors account.

The correct option is D
Creditors account

Credit purchases can be obtained by preparing creditors account.