Question 14 Chapter No 17 – Class 11 Unimax

Question 14 Chapter No 17 – Class 11 Unimax


Question 14 Chapter No 17 – Class 11 Unimax

Find out the credit purchases and total purchases from the following particulars:

Balance of creditors on 1st April 201960,000
Balance of creditors on 31st March, 202070,000
Cash paid to creditors1,00,000
Chequeens issued to creditors60,000
Returns outwards4,000
Discount received from creditors6,000
B/P give to creditors10,000
Bills receivable dishonored4,000
Bills receivable endorsed to creditors1,000
Bills receivable endorsed to creditors dishonored3,000
Cash Purchases50,00

The solution of Question 14 Chapter No 17 – Class 11 Unimax

Total Creditors A/c

To Cash paid1,00,000To Balance b/d (1-4-2019) 
To Bank60,000(Opening creditors)60,000
To Returns outwards4,000By B/P Dishonored4,000
To Discount received6,000By B/R endorsed dishonored3,000
To B/P accepted10,000By Credit purchases (Balance figure)1,84,000
To B/R endorsed1,000  
To Balance c/d (31.3.2020)
Closing creditors
 2,51,000 2,51,000
Credit Purchases= ₹ 1,84,000
Total Purchases= Credit purchases + cash purchases
 = ₹ 1,84,000+ ₹ 50,000 = ₹ 2,34,000

Note: the following items will not be recorded in “Total creditors Account” because they do not affect the total creditors:
(1) Cash purchases
(2) Bills payable met

End of Solution

Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter 17 – Accounts from Incomplete Records – Single Entry System Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.

1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.

2. Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.


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