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

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Byju's Answer

Standard XII

Accountancy

Paying off the Debts (Dissolution)

0 Find out th...

Question

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

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Solution

Creditors Account

Dr.

Cr.

Particulars

Amount

Rs

Particulars

Amount

Rs

Cash

1,80,000

Balance b/d

45,000

Bank

60,000

B/P (dishonoured)

3,000

Discount Received

5,400

B/R (dishonoured)

1,800

B/P (accepted)

12,750

Return Outwards

7,500

Purchases – credit

B/R (endorsed to creditors)

4,500

(Balancing figure)

2,56,350

Balance c/d

36,000

3,06,150

3,06,150

Credit Purchases Rs 2,56,350

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Similar questions

Find out the credit purchase from the following:

$\begin{matrix} Items & Amt. (Rs.) Balance of creditors April 1, 2004 & 45, 000 Balance of creditors March 31, 2005 & 36, 000 Cash paid to creditors & 1, 80, 000 Cheque issued to crediotors & 60, 000 Cash purchases & 75, 000 Discount received from creditors & 5, 400 Discount allowed & 5, 000 Bills payable given to creditors & 12, 750 Return outwards & 7, 500 Bills payable dishonoured & 3, 000 Bills receivable endorsed to creditors & 4, 500 Bills receivable endorsed to creditors dishonoured & 1, 800 Return inwards & 3, 700 \end{matrix}$

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

	Rs
Sundry creditors as on March 31, 2017	1,80,425
Discount received	26,000
Discount allowed	24,000
Return outwards	37,200
Return inward	32,200
Bills accepted	1,99,000
Bills endorsed to creditors	26,000
Creditors as on April 01, 2016	2,09,050
Total purchases	8,97,000
Cash purchases	1,40,000

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. 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

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	$1, 40, 000$

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	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

Creditors Account
Dr.		Cr.
Particulars	Amount Rs		Particulars	Amount Rs
Cash	1,80,000		Balance b/d	45,000
Bank	60,000		B/P (dishonoured)	3,000
Discount Received	5,400		B/R (dishonoured)	1,800
B/P (accepted)	12,750
Return Outwards	7,500		Purchases – credit
B/R (endorsed to creditors)	4,500		(Balancing figure)	2,56,350
Balance c/d	36,000



	3,06,150			3,06,150