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Zorluk: KolayCalculation of Total Sales and Total Purchases

Oluwaseun Stores maintains incomplete records for its business operations. For the year ended 31 December 2025, the following details were available:
- Trade debtors at 1 January 2025: ₦40,000
- Trade debtors at 31 December 2025: ₦60,000
- Cash received from trade debtors during the year: ₦320,000
- Cash sales made during the year: ₦150,000

What is the value of total sales for the year ended 31 December 2025?

Cevap: 490000 ₦

Cevap

The total sales for the year ended 31 December 2025 is ₦490,000.
Total sales is derived by adding cash sales (₦150,000) to credit sales (₦340,000). Credit sales are calculated using the Total Debtors Account formula: Cash Received (₦320,000) + Closing Debtors (₦60,000) - Opening Debtors (₦40,000) = ₦340,000. Adding cash sales of ₦150,000 gives ₦490,000.

Adım Adım Çözüm

1
Determine the credit sales for the period using Total Debtors Control Account reconstruction
Credit Sales = ₦320,000 + ₦60,000 - ₦40,000 = ₦340,000
Closing debtors represent unpaid credit sales at year end, while opening debtors represent unpaid credit sales from the prior period.
2
Calculate Total Sales by summing cash sales and derived credit sales
Total Sales = ₦150,000 + ₦340,000 = ₦490,000
Total sales consists of both cash sales and credit sales during the accounting year.

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Calculation of Total Sales from Incomplete Records
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Calculation of Total Sales and Total Purchases

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