Find out the Credit Purchases from the details given below:

₹

Balance of Creditors on 1st April 2006 32,000

Balance of Creditors on 31st March, 2007 46,000

Cash paid to Creditors 2,20,000

Cheques issued to Creditors 60,000

Purchases Returns 10,000

Discount received from Creditors 6,600

Cash Purchases 1,15,000

B/P accepted 16,000

B/P Dishonoured 2,000

B/R endorsed to Creditors 7,000

Endorsed B/R dishonoured 3,000

Open in App

Solution

Creditors Account

Dr.

Cr.

Particulars

Amount

(₹)

Particulars

Amount

(₹)

Cash A/c

2,20,000

Balance b/d

32,000

Discount Received A/c

6,600

Bills Payable A/c

2,000

Bills Payable A/c

16,000

Bills Receivable A/c

3,000

Purchases Return A/c

10,000

Purchases A/c (Credit)

3,28,600

Bills Receivable A/c

7,000

Bank A/c

60,000

Balance c/d

46,000

3,65,600

3,56,600

Suggest Corrections

Similar questions

Find out the credit purchases from the following:

	Rs
Balance of creditors April 01, 2016	45,000
Balance of creditors March 31, 2017	36,000
Cash paid to creditors	1,80,000
Cheque issued to creditors	60,000
Cash purchases	75,000
Discount received from creditors	5,400
Discount allowed	5,000
Bills payable given to creditors	12,750
Return outwards	7,500
Bills payable dishonoured	3,000
Bills receivable endorsed to creditors	4,500
Bills receivable endorsed to creditors dishonoured	1,800
Return inwards	3,700

Asertain the appropriate missing figures by preparing Total Creditors Account from the following information :
Creditors as on March 31, 2018 Rs. 6,000,
Creditors as on March 31, 2017 Rs. 36,000,
Cash paid to creditors Rs. 1,04,400,
Discount allowed by creditors Rs 2,000,
Purchase return Rs. 2,000,
Bills payables accepted Rs. 34,000,
Cheques issued to creditors Rs. 20,000,
Bills receivables endorsed in favour of creditors Rs. 40,000 out of which $25 %$ bills were dishonoured.

Q. Creditors on 1st April, 2018 were ₹ 15,000, Purchases on credit were ₹ 30,000, Cash paid to Creditors during 2018-19 was ₹ 20,000, Returns Outward (regarding credit purchases) were ₹ 1,000 and Bills Payable accepted during the year were ₹ 10,000. Find the balance of Creditors on 31st March, 2019.

Q. Creditors on 1st April, 2017 were ₹15,000, Purchases on credit were ₹30,000, Cash paid to Creditors during 2017-18 was ₹20,000, Returns Outward (regarding credit purchases) were ₹1,000 and Bills Payable accepted during the year ₹10,000. Find the balance of Creditors on 31st March, 2018.

Q. Question : From the following information calculate the Amount to be paid to creditors

	(Rs)
Sundry creditors as on March 31, 2005	$1, 80, 425$
Discount received	$26, 000$
Discount allowed	$24, 000$
Return outwards	$37, 200$
Return Inward	$32, 200$
Bills accepted	$1, 99, 900$
Bills endorsed to creditors	$26, 000$
Creditors as on April 1, 2006	$2, 09, 050$
Total Purchase	$8, 97, 000$
Cash Purchase	$1, 40, 000$

Join BYJU'S Learning Program

	₹
Balance of Creditors on 1st April 2006	32,000
Balance of Creditors on 31st March, 2007	46,000
Cash paid to Creditors	2,20,000
Cheques issued to Creditors	60,000
Purchases Returns	10,000
Discount received from Creditors	6,600
Cash Purchases	1,15,000
B/P accepted	16,000
B/P Dishonoured	2,000
B/R endorsed to Creditors	7,000
Endorsed B/R dishonoured	3,000

Creditors Account
Dr.			Cr.
Particulars	Amount (₹)	Particulars	Amount (₹)
Cash A/c	2,20,000	Balance b/d	32,000
Discount Received A/c	6,600	Bills Payable A/c	2,000
Bills Payable A/c	16,000	Bills Receivable A/c	3,000
Purchases Return A/c	10,000	Purchases A/c (Credit)	3,28,600
Bills Receivable A/c	7,000
Bank A/c	60,000
Balance c/d	46,000
	3,65,600		3,56,600