The Total solution for NCERT class 6-12
Particulars
(₹)
Inventory in the beginning
40,000
Credit Purchases
1,60,000
Inventory in the end
38,000
Trade payables in the beginning
14,000
Trade payables in the end
14,500
Trade Payables Account
Dr.
Cr.
Date
J.F.
Amount
₹
Cash (Balancing fig.)
1,59,500
Balance b/d
Balance c/d
Purchases
1,74,000
Therefore the cashpaid for Inventory amounts to ₹ 1, 59,500