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
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 16EA: Record journal entries for the following purchase transactions of Flower Company. A. On October 13,...
Related questions
Topic Video
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Corporate Financial Accounting
Accounting
ISBN:
9781305653535
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage