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mm please do next question From the following details find out the credit purchases and total purchases: Cash purchases Opening balance of bills payable Opening
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please do next question
From the following details find out the credit purchases and total purchases: Cash purchases Opening balance of bills payable Opening balance of Creditors Opening balance of bills payable Closing balance of Creditors Cash paid to Creditors Bills payable paid during the year Purchases Returns Allowance from Creditors Bills payable dishonoured From the following information prepare (1) Total Debtor's Account and (2) Total Creditor's Account. $ Jan. 1. 1998: Balance of Sundry Debtors 32,000 Balance of Sundry Creditors 37,000 June. 30. 1998: Credit Purchases 9,000 Credit Sales 19,600 Cash Sales 1,500 Cash Purchases 1,000 Paid to creditors 19,750 Discount allowed by them 650 Cash received from debtors 15,600 Discount allowed to them 400 Bills payable accepted 3,000 Bills receivable received 6,000 Returns Inward 1,750 Returns Outward 1,200 Rebate allowed to debtors 550 Rebate allowed by creditors 300 Provision for doubtful debts 320 Bad debts 900 Bills receivable dishonoured 750 Bad debts previously written off now recovered 500Step by Step Solution
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