which is given in figure . , credit purchases or any other missing figure related to creditors, as the case may be, can be ascertained as the balancing figure. Total Creditors Account Date Cash paid Bank Bank (cheques (cheques issued) dishonoured) Bills payable Bills payable (bills accepted) (bills dishonoured) Credit purchases Purchases return xxxxxxx xxxxxxx Fig. .
: Showing format of creditors account For example, consider the following transactions relating to M/s Kisan Food Suppliers: Opening balance of creditors Closing balance of creditors Payment made in cash , , The total creditors account will be prepared as follows : Books of Kisan Food Suppliers Total Creditors Account Date , Discount , Credit purchases , , , , ,