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  • 08-03-2024
  • Business
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From the following information calculate total purchases:

(Rs.)

Creditors Jan 1, 2005: 30,000
Creditors Dec 31, 2005: 20,000
Opening balance of Bills Payable: 25,000
Closing balance of Bills Payable: 35,000
Cash paid to Creditors: 1,51,000
Bills discharged: 44,000
Cash purchase: 1,29,000
Return outwards: 6,000

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