Prepare Total Creditors Account and Bills Payable Account from the following information for the year ended Mar 31, 2009:
Rs | |
Creditors as on 1.4.2008 | 70,000 |
Creditors as on 31.3.2009 | 1,33,600 |
B/P as on 1.4.2008 | 12,000 |
B/P as on 31.3.2009 | 15,750 |
Discount received | 8,800 |
Bills Discharged | 12,750 |
Total Purchases | 5,28,000 |
Cash purchases 25% of Total purchases; |