The following transactions are related to Purchase ledger of Tata Motors company. PURCHASE LEDGER HEAVEN MOTORS ACCOUNTDateDetailsDebit (OMR)Credit(OMR)Balance(OMR)June 1Opening 28,800June 10Credit Purchases 12,200 June 15Purchase return2400 June 29Cash6,000 ANSWER QUESTION NO 48 TO 50 1-What was the closing balance on Heaven Motors account on June 30 assuming that there were no further transaction?a.OMR 25,000b.OMR 32,600c.OMR 38,600d.OMR 82002-A credit entry of RO 12,200 on June 10 indicates which of the following?a.Received cash from tata motorsb.Tata motors purchased goods from heaven motors on creditc.Goods returned by heaven motorsd.Heaven motors purchased goods on credit3-A debit entry of RO 2,400 on June 15 indicates which of the following?a.Tata motors returned goods to heaven motorsb.Goods returned by heaven motorsc.Heaven motors sold goods to businessd.Heaven motors purchased goods from tata motors

Name: The following transactions are related to Purchase ledger of Tata Moto
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Description: The following transactions are related to Purchase ledger of Tata Motors company. PURCHASE LEDGER HEAVEN MOTORS ACCOUNTDateDetailsDebit (OMR)Credit(OMR)Balance(OMR)June 1Opening 28,800June 10Credit Purchases 12,200 June 15Purchase return2400 Jun

The Purchase Ledger is the record of the purchases and expenses in the books of accounts of a…

Answered: The following transactions are related…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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 48 TO 50

1-What was the closing balance on Heaven Motors account on June 30 assuming that there were no further transaction?

OMR 25,000

OMR 32,600

OMR 38,600

OMR 8200

2-A credit entry of RO 12,200 on June 10 indicates which of the following?

Received cash from tata motors

Tata motors purchased goods from heaven motors on credit

Goods returned by heaven motors

Heaven motors purchased goods on credit

3-A debit entry of RO 2,400 on June 15 indicates which of the following?

Tata motors returned goods to heaven motors

Goods returned by heaven motors

Heaven motors sold goods to business

Heaven motors purchased goods from tata motors

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