Question
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 |
Total Purchases = Cash Purchases + Credit Purchases
