From the following information calculate the amount to be paid to creditors: Sundry creditors as on March
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From the following information calculate the amount to be paid to creditors:
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Sundry creditors as on March 31, 2005 Discount received Discount allowed Return outwards Return inward Bills accepted Bills endorsed to creditors Creditors as on April 01, 2006 Total purchases Cash purchases Rs. 1,80,425 26,000 24,000 37,200 32,200 1,99,000 26,000 2,09,050 8,97,000 1,40,000
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answer To calculate the amount to be paid to creditors we can start with the opening balance of sundry creditors as on March 31 2005 and then consider ...View the full answer
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