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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» SOLUTION :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. |
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