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please answer the following as soon as possible because I have exam The following transactions are related to Purchase ledger of Tata Motors company. PURCHASE
please answer the following as soon as possible because I have exam
The following transactions are related to Purchase ledger of Tata Motors company. PURCHASE LEDGER HEAVEN MOTORS ACCOUNT Date Details Debit (OMR) Credit Balance (OMR) (OMR) June 1 Opening 28,800 June 10 Credit Purchases 12,200 June 15 Purchase return 2400 June 29 Cash 6,000 ANSWER QUESTION NO 48 TO 50 48. A credit entry of RO 12,200 on June 10 indicates which of the following? a. Heaven motors purchased goods on credit b. Goods returned by heaven motors C. Received cash from tata motors d. Tata motors purchased goods from heaven motors on credit 49. What was the closing balance on Heaven Motors account on June 30 assuming that there was no further transaction? a. OMR 8200 b. OMR 38,600 C. OMR 25,000 d. OMR 32,600 50. A debit entry of RO 2,400 on June 15 indicates which of the following? a. Heaven motors sold goods to business b. Goods returned by heaven motors C. Tata motors returned goods to heaven motors d. Heaven motors purchased goods from tata motorsStep by Step Solution
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