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Prepare the bills payable account from t...

Prepare the bills payable account from the following and find out missing figure if any :
Accounts from Incomplete Record

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The correct Answer is:
Opening balance of creditors : Rs 79,000
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Explore conceptually related problems

What is meant by 'Accounts from Incomplete Records'?

Prepare the suitable accounts and find out the missing figure if any.

Knowledge Check

  • Bills Payable Account is

    A
    an Asset Account
    B
    an Expense Account
    C
    a Liability Accounts
    D
    an Income Account .

  • Trial Balance cannot be prepared from Accounts from Incomplete Records because

    A
    Dual Aspect Principle is not followed.
    B
    Matching Principle is not followed
    C
    Both (a) and (b)
    D
    None of these.

    • Similar Questions

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    Name the two main accounts maintained in 'Accounts from Incomplete Records'.

    Mention two charactristics of 'Accounts from Incomplete Records'.

    Prepare the Accounting Voucher from the following supporting voucher.

    Complete the missing amounts in the following accounts:

    Find out the missing figure from the given below :

    From the following information prepare Income and Expenditure Account:

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