From the Information Given Below You are Required to Calculate the Cash Paid for the Inventory

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From the information given below you are required to calculate the cash paid for the inventory:

Particulars(Rs)
Inventory in the beginning40,000
Credit Purchases1,60,000
Inventory in the end38,000
Trade payables in the beginning14,000
Trade payables in the end14,500





Trade Payables Account

DateParticularsJ.F.Amount RsDateParticularsJ.F.Amount Rs
 Cash (Balancing fig.) 1,59,500 Balance b/d 14,000
  Balance c/d 14,500 Purchases 1,60,000
   1,74,000   1,74,000

Cash paid for Inventory amounts to Rs 1,59,500

Chapter-6 Cash Flow Statement



Location: India

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