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Question No 30 Chapter No 19 – T.S. Grewal 11 Class

Question No 30 Chapter No 19
Question No.30 - Chapter No.19- T.S. Grewal +1 Book 2019-Solution

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Question No 30 Chapter No 19

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30. 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 Payable5,000
Opening balance of Creditors6,000
Closing balance of Bills Payable7,000
Closing balance of Creditors4,000
Cash paid to Creditors during the year30,200
Bills Payable discharged during the year8,900
Returns Outward1,200
Cash Purchases25,800

 

 

The solution of Question No 30 Chapter No 19:-

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Creditors Account
Liabilities

AmountAssetsAmount
Cash A/c 30,200Balance b/d 6,000
Purchases Return A/c 1,200Purchases A/c 40,300
Bills Payable A/c 10,900   
      
Balance c/d
 4,000    
  46,300  46,300

Total Purchases = Cash Purchases + Credit Purchases
Total Purchases = 25,800 + 40,300 = 66,100



Final Accounts: Meaning, Definition and Explanation

Profit and Loss Account: Meaning, Format & Examples

 

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Balance Sheet: Meaning, Format & Examples

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Also, Check out the solved question of previous Chapters: –

    • Chapter No. 1 – Introduction to Accounting
    • Chapter No. 2 – Basic Accounting Terms
    • Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
    • Chapter No. 4 – Bases of Accounting
    • Chapter No. 5 – Accounting Equation
    • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
    • Goods and Services Tax(GST)
    • Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
    • Chapter No. 8 – Journal
    • Chapter No. 9 – Ledger
    • Chapter No. 10 – Special Purpose Books I – Cash Book
    • Chapter No. 11 – Special Purpose Books II – Other Books
    • Chapter No. 12 – Bank Reconciliation Statement
    • Chapter No. 13 – Trial Balance
    • Chapter No. 14 – Depreciation
    • Chapter No. 15 – Provisions and Reserves
    • Chapter No. 16 – Accounting for Bills of Exchange
    • Chapter No. 17 – Rectification of Errors
    • Chapter No. 18 – Financial Statements of Sole Proprietorship
    • Chapter No. 19 – Adjustments in preparation of Financial Statements
    • Chapter No. 20 – Accounts from incomplete Records – Single Entry System
    • Chapter No. 21 – Computers in Accounting
    • Chapter No. 22 – Accounting Software – Tally
    • Chapter No. 5 – Accounting Equation
    • Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
    • Goods and Services Tax(GST)
    • Chapter No. 8 – Journal
    • Chapter No. 9 – Ledger
    • Chapter No. 10 – Special Purpose Books I – Cash Book

Check out T.S. Grewal +1 Book 2019 @ Official Website of Sultan Chand Publication

T.S. Grewal's Double Entry Book Keeping

T.S. Grewal’s Double Entry Book Keeping

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