Cash paid to creditors = Opening payables + Credit purchases − Closing payables = 14,000+1,60,000−14,500=1,59,500.
| Particulars | Amount (Rs.) | |---|---| | Inventory at the beginning | 40,000 | | Credit Purchase | 1,60,000 | | Inventory at the end | 38,000 | |…
CUET UG 2023 — Accountancy Financial Statements
2023mcqmedium
| Particulars | Amount (Rs.) |
|---|---|
| Inventory at the beginning | 40,000 |
| Credit Purchase | 1,60,000 |
| Inventory at the end | 38,000 |
| Trade payable at the beginning | 14,000 |
| Trade payable at the end | 14,500 |
Cash paid for inventory is:
Official previous-year question
Held on 20 Jun 2023 · Verified 13 Jul 2026.
Options
- A
Rs.1,59,000
- B
Rs.1,60,000
- C
Rs.1,59,500
- D
Rs.1,60,500
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