Question

Determine Total Sales and Total Purchases from the following information:
`|{:(,"Rs."),("Opening Debtors","11,400"),("Cash received","48,300"),("Dicount allowed","1,500"),("Bad Debts written off","300"),("Sales Return","800"),("Bills Receivable received","6,100"),("Closing Debtors","10,800"):}||{:(,"Rs."),("Opening Creditors","6,800"),("Cash Paid to Creditors","25,100"),("Discount recevied","300"),("Purchases return","600"),("Bills Payable issued","3,100"),("Closing Creditors","5,400"),(,):}|`
Additional Information : Cash Sales - Rs. 1,00,000 and Cash Pruchases Rs.- 50,000.

Answer 1

Calculation of Credit Sales:

Total Sales = Cash Sales + Credit Sales
= Rs. 1,00,000 + Rs. 56,400 = Rs. 1,56,400.
Calculation of Total Pruchases :

Total Purchases + Credit Purchases
= Rs. 50,000 + Rs. 27,700 = Rs. 77,700.