Read the passage carefully and answer the next five questions (value in fraction is to be rounded off to the nearest value).
| Particulars | Amount (₹) |
| Revenue from operations | 8,75,000 |
| Creditors | 90,000 |
| Bills receivable | 48,000 |
| Bills payable | 52,000 |
| Purchases | 4,20,000 |
| Trade debtors | 59,000 |
Average Trade payables is-
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs. 1,42,000
Trade payables are creditors plus bills payable. Only the year-end figures are given (no opening balances), so the year-end total itself is used as the average trade payables.
Average Trade Payables = Creditors + Bills payable
= Rs. 90,000 + Rs. 52,000
= Rs. 1,42,000
NCERT (2026-27 edition):
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