Purchase ledger of Tata Motors company. PURCHASE LEDGER HEAVEN MOTORS ACCOUNT Date Details Debit (OMR) Credit (OMR) Balance (OMR) June 1 Opening 28,800 June 10 Credit Purchases 12,200 June 15 Purchase return 2400 June 29 Cash 6,000 ANSWER QUESTION NO 49 TO 50 1-A credit entry of RO 12,200 on June 10 indicates which of the following? a. Received cash from tata motors b. Heaven motors purchased goods on credit c. Tata motors purchased goods from heaven motors on credit d. Goods returned by heaven motors 3-What was the closing balance on Heaven Motors account on June 30 assuming that there were no further transaction? a. OMR 8200 b. OMR 25,000 c. OMR 32,600 d. OMR 38,600
Purchase ledger of Tata Motors company. PURCHASE LEDGER HEAVEN MOTORS ACCOUNT Date Details Debit (OMR) Credit (OMR) Balance (OMR) June 1 Opening 28,800 June 10 Credit Purchases 12,200 June 15 Purchase return 2400 June 29 Cash 6,000 ANSWER QUESTION NO 49 TO 50 1-A credit entry of RO 12,200 on June 10 indicates which of the following? a. Received cash from tata motors b. Heaven motors purchased goods on credit c. Tata motors purchased goods from heaven motors on credit d. Goods returned by heaven motors 3-What was the closing balance on Heaven Motors account on June 30 assuming that there were no further transaction? a. OMR 8200 b. OMR 25,000 c. OMR 32,600 d. OMR 38,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following transactions are related to Purchase ledger of
Tata Motors company.
|
PURCHASE LEDGER |
||||
|
HEAVEN MOTORS ACCOUNT |
||||
|
Date |
Details |
Debit (OMR) |
Credit (OMR) |
Balance (OMR) |
|
June 1 |
Opening |
|
|
28,800 |
|
June 10 |
Credit Purchases |
|
12,200 |
|
|
June 15 |
Purchase return |
2400 |
|
|
|
June 29 |
Cash |
6,000 |
|
|
ANSWER QUESTION NO 49 TO 50
1-A credit entry of RO 12,200 on June 10 indicates which of the following?
a.
Received cash from tata motors
b.
Heaven motors purchased goods on credit
c.
Tata motors purchased goods from heaven motors on credit
d.
Goods returned by heaven motors
3-What was the closing balance on Heaven Motors account on June 30 assuming that there were no further transaction?
a.
OMR 8200
b.
OMR 25,000
c.
OMR 32,600
d.
OMR 38,600
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