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Zorluk: ZorCash and Bank Summary Analysis for Missing Cash Receipts and Payments

Alhaji Haruna operates a building materials store and keeps incomplete accounting records. On 1 January 2025, his cash in hand balance was 25,000\text{₦}25,000. During the year ended 31 December 2025, his recorded cash book transactions showed: cash banked 520,000\text{₦}520,000, cash paid for trade expenses 84,000\text{₦}84,000, cash paid to trade creditors 160,000\text{₦}160,000, cash purchases 110,000\text{₦}110,000, and proprietor's cash drawings recorded in the cash book 45,000\text{₦}45,000. In addition, before banking daily cash takings, the proprietor paid 22,000\text{₦}22,000 for carriage inwards and took 15,000\text{₦}15,000 for personal living expenses directly out of cash receipts. At 31 December 2025, the cash in hand balance was 32,000\text{₦}32,000. What is the total cash sales amount for the year?

Cevap: 963000

Cevap

The total cash receipts from sales for the year is ₦963,000.
Total cash receipts from sales are derived using the cash summary equation: Total Outflows (including unbanked payments) + Closing Cash Balance - Opening Cash Balance. Summing all outflows gives 956,000\text{₦}956,000. Adding the closing cash balance of 32,000\text{₦}32,000 yields 988,000\text{₦}988,000. Deducting the opening cash balance of 25,000\text{₦}25,000 leaves 963,000\text{₦}963,000 as total cash sales.

Adım Adım Çözüm

1
Calculate total cash outflows during the year
₦956,000
Total outflows include recorded payments from the cash book (₦520,000 banked + ₦84,000 expenses + ₦160,000 creditors + ₦110,000 purchases + ₦45,000 recorded drawings) plus unbanked cash takings spent directly (₦22,000 carriage + ₦15,000 unbanked drawings).
2
Add closing cash in hand balance
₦988,000
The total accounted cash requirement is the sum of all cash outflows and the remaining cash in hand at the end of the year.
3
Deduct opening cash in hand balance to find cash sales
₦963,000
Total cash received from sales equals total accounted cash requirement minus the opening cash balance brought forward.

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Cash Summary Analysis for Missing Cash Receipts
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