Question 19 of 50
Q.
From the following particulars, calculate total purchases :
| Particulars | ₹ |
|---|---|
| Sundry creditors on 1st January 2018 | 30,000 |
| Paid cash to creditors | 1,20,000 |
| Purchases returns | 15,000 |
| Cash purchases | 2,25,000 |
| Creditors on 31st December 2018 | 25,000 |
Tamil Nadu DgeTamil Nadu HSC (DGE) Commerce Board 2020Subjective· 3mImportance★★★★★
38% · 19/50 Questions
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Start your 14-day free trial to unlock the full solution →Credit purchases from the Total Creditors A/c = 1,30,000; add cash purchases 2,25,000; total purchases = 3,55,000.
To find total purchases from incomplete records, first prepare a Total (Sundry) Creditors Account to get the credit purchases, then add cash purchases.
Total Creditors Account
| Dr | Rs. | Cr | Rs. |
|---|---|---|---|
| To Cash (paid to creditors) | 1,20,000 | By Balance b/d (1.1.2018) | 30,000 |
| To Purchase returns | 15,000 | By Credit purchases (bal. fig.) | 1,30,000 |
| To Balance c/d (31.12.2018) | 25,000 | ||
| 1,60,000 | 1,60,000 | ||
| … |
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