Page 11 - HA- SUBJECTIVE - Copy

Question 27:

Creditors on 1st April, 2017 were ₹15,000, Purchases on credit were ₹30,000, Cash
paid to Creditors during 2017-18 was ₹20,000, Returns Outward (regarding credit
purchases) were ₹1,000 and Bills Payable accepted during the year ₹10,000. Find the
balance of Creditors on 31st March, 2018.
Question 28:

Following information is given of an accounting year:
Opening Creditors ₹ 15,000; Cash paid to creditors ₹ 15,000; Returns Outward ₹ 1,000
and Closing creditors ₹ 12,000.
Calculate Credit Purchases during the year.
Question 29:

From the following information supplied by X, who keeps his books on Single Entry
System, you are required to calculate Total Purchases:

₹
Opening balance of Bills Payable 5,000
Opening balance of Creditors 6,000
Closing balance of Bills Payable 7,000
Closing balance of Creditors 4,000
Cash paid to Creditors during the year 30,200
Bills Payable discharged during the year 8,900
Returns Outward 1,200
Cash Purchases 25,800
Question 30:

Cash sales of a business in a year were ₹ 85,000, the Cost of Goods Sold (including
direct expenses) was ₹ 97,000 and Gross Profit as shown by the Trading Account for the
year was ₹ 1,29,000. Calculate Credit Sales during the year.

Question 31:

From the following information, calculate Total Sales made during the period:

₹
Debtors as on 1st April, 2017 20,400
Cash received from debtors during the year (as per Cash 60,800
Book)
Returns Inward 5,400
Bad Debts 2,400
Debtors as on 31st March, 2018 27,600
Cash Sales (as per Cash Book) 56,800