creditors , Cash paid to creditors Closing creditors , Returns Inward , Bill matured , Bill dishonoured Purchases return , Calculate credit purchases during the year [ Ans : Credit purchases : Rs. , ]. . From the following, calculate the amount of bills accepted during the year.
Bills payable as on April , , , Bills payable as on March , , , Bills payable dishonoured during the year , Bills payable honoured during the year [ Ans : Bills accepted : Rs. , , ]. . Find out the amount of bills matured during the year on the basis of information given below ; Bills payable dishonoured , Closing balance of Bills payable , Opening balance of Bills payable , Bills payable accepted , Cheque dishonoured , [ Ans : Bills matured : Rs.
, ]. . Prepare the bills payable account from the following and find out missing figure if any : Bills accepted , , , Purchases returns , Return inwards , Cash paid to accounts payable Bills receivable endorsed to creditor , Bills dishonoured , Bad debts , Balance of accounts payable (closing) , Credit purchases , , [ Ans : Opening balance of creditors : Rs. , ].
. Calculate the amount of bills receivable during the year. Opening balance of bills receivable , Bill dishonoured Bills collected (honoured) , , Bills receivable endorsed to creditors , Closing balance of bills receivable , [ Ans : Rs. , , ].
. Calculate the amount of bills receivable dishonoured from the following information. Opening balance of bills receivable , , Bills collected (honoured) , , Bills receivable endorsed , Closing balance of bills receivable , Bills receivable received , , [ Ans : Rs. , ].
. From the details given below, find out the credit sales and total sales. Opening debtors , Closing debtors , , Sales returns , Irrecoverable amount , Bills receivables received , Bills receivable dishonoured Cheque dishonoured , Cash sales Cash received from debtors , , Cheque received from debtors [ Ans : Total sales : Rs. , , ].
. From the following information, prepare the bills receivable account and total debtors account for the