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

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

Question No 30 Chapter No 19

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 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

## The solution of Question No 30 Chapter No 19:-

 Creditors Account Liabilities Amount Assets Amount Cash A/c 30,200 Balance b/d 6,000 Purchases Return A/c 1,200 Purchases 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

Balance Sheet: Meaning, Format & Examples

Comment if you have any question.

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

T.S. Grewal’s Double Entry Book Keeping