From the following information calculate the amount to be paid to creditors 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,...

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 ...

From the following information calculate the amount to be paid to creditors: Sundry creditors as on March

Question:

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

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accountancy Financial Accounting Part 2 For Class 11

ISBN: 9788174505323

1st Edition

Authors: NCERT

See More Books

Question Posted: Feb 16, 2024 12:13 PM

See More Questions

Can you think of a personal example of how you witnessed or went through an experience that would be considered a preferred dysfunctionality or dispreferred functionality? Describe how this event...
Compute the amount of total purchases and total sales of Mr. Amit from the following information for the year ending on March 31,2005. Total debtors as on April 01, 2004 Total creditors as on April...
1.2.1 The format recommended by the International Financial Reporting Standards for the preparation of a statement of profit or loss and other comprehensive income calculates and shows the gross...
Given a risk-adjusted discount rate of 14%, calculate the discounted payback period for the following cash flow of a project. If the maximum target discounted payback period is 3 years, comment on...
What are the three general categories under which the majority of wage incentive plans may be classified?
Required information [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000...
4. For a company with a new product, how can you estimate its potential market share?
On November 1, 2007, Columbo Company adopted a stock option plan that granted options to key executives to purchase 30,000 shares of the companys $10 par value common stock. The options were granted...
Which of the following alternatives represents the correct amount that must be disclosed as dividends received under cash flows from operating activities section in the statement of cash flows for...
From the following information calculate total purchases. Creditors Jan. 01, 2005 Creditors Dec. 31, 2005 Opening balance of Bills payable Closing balance of Bills payable Cash paid to creditors...
Find out the credit purchases from the following: Balance of creditors April 01, 2004 Balance of creditors March 31, 2005 Cash paid to creditors Cheque issued to creditors Cash purchases Discount...
Students were asked, Are you right-handed, lefthanded, or ambidextrous? The responses (R=right-handed, L = lefthanded, A = ambidextrous. a. Make an appropriate graph to display these data. b. Over...
Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithium-ion battery packs for a new line...
Mastery Problem: Capital Investment Analysis HomeGrown Company HomeGrown Company is a chain of grocery stores that are similar to indoor farmer's markets, providing fresh, local produce, meats, and...
McDonald's and CSR There more than 32,000 restaurants around the world (www.aboutmcdonalds.com/etc/medialib/csr/docs. that carry the McDonald's label and logo. As such, they...
Smartwatch Based on a survey by Consumer Technology Association, smartwatches are used in 18% of U.S. households. Find the probability that a randomly selected U.S. household has no smartwatches.
Suppose you wanted to purchase a commercial real estate property thats valued at $ 1 , 0 0 0 , 0 0 0 . You could secure financing from a traditional bank, which provides you with $ 7 5 0 , 0 0 0 ....
What semiannual sinking fund payment would be required to yield $48,000 nine years from now? The annual interest rate is 6% compounded semiannually?
A Alkynes can be made by dehydrohalogenation of vinylic halides in a reaction that is essentially an E2 process. In studying the stereochemistry of this elimination, it was found that...
On reviewing the financial statements, the companys accountant notices that the capitalization issue of 1 for 5 ordinary shares made by the company in December Year 2 has not been reflected in the...
Which of the following is a correct description of the term share option? (a) Provides a person with the right to buy shares in a company at a future date at an agreed fixed price. (b) Name given to...
Which of the following is an accurate statement regarding dividends? (a) A company must declare an ordinary dividend if it makes a profit in an accounting period. (b) The directors of a company have...
ABC Corporation has an activity - based costing system with three activity cost pools - Machining, Setting Up , and Other. The company's overhead costs, which consist of equipment depreciation and...
Consolidated Balance Sheets - USD ( $ ) $ in Thousands Dec. 3 1 , 2 0 2 3 Dec. 3 1 , 2 0 2 2 Current assets: Cash and cash equivalents $ 9 8 , 5 0 0 $ 6 3 , 7 6 9 Restricted cash 2 , 5 3 2 Short -...
How does corporate governance contribute to investor confidence and stakeholder trust? Accounting

From the following information calculate the amount to be paid to creditors: Sundry creditors as on March

Question:

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

Step by Step Answer:

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

Accountancy Financial Accounting Part 2 For Class 11

Students also viewed these Business questions