A sole trader keeping incomplete records provides the following financial details for the year ended 31 December 2025:
- Cash received from debtors: ₦45,000
- Opening debtors balance: ₦8,000
- Closing debtors balance: ₦12,000
- Discount allowed: ₦1,500
- Returns inwards: ₦2,500
- Bad debts written off: ₦1,000
- Cash sales for the year: ₦15,000
What is the total sales figure (in ₦) to be credited to the Trading Account for the year?
Cevap: 69000 ₦
Cevap
The total sales figure to be credited to the Trading Account is ₦69,000.
To convert single entry records into final accounts, credit sales are calculated by reconstructing the Debtors Control Account. Summing all credit entries (Cash Received ₦45,000 + Discount Allowed ₦1,500 + Returns Inwards ₦2,500 + Bad Debts ₦1,000 + Closing Debtors ₦12,000) gives ₦62,000. Deducting Opening Debtors (₦8,000) results in Credit Sales of ₦54,000. Adding Cash Sales of ₦15,000 gives the Total Sales figure of ₦69,000 to be credited to the Trading Account.
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Calculation of Total Sales via Debtors Control Account in Incomplete Records