Prepare the bills payable account from the following and find out missing figure if any : Bills
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Prepare the bills payable account from the following and find out missing figure if any :
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Bills accepted Discount received Purchases returns Return inwards Cash paid to accounts payable Bills receivable endorsed to creditor Bills dishonoured Bad debts Balance of accounts payable (closing) Credit purchases Rs. 1,05,000 17,000 9,000 12,000 50,000 45,000 17,000 14,000 85,000 2,15,000
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Answer To prepare the Bills Payable account lets start with the opening balance and then record the ...View the full answer
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