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Zorluk: OrtaCalculation of Total Sales and Total Purchases

Chidi Trading Co. maintains incomplete accounting records. For the financial year ended 31 December 2025, the following information was extracted:

- Debtors balance (1 January 2025): ₦42,000
- Debtors balance (31 December 2025): ₦58,000
- Cheques received from debtors: ₦210,000
- Discount allowed to credit customers: ₦6,000
- Returns inwards from debtors: ₦4,000
- Bad debts written off during the year: ₦3,000
- Cash sales banked: ₦145,000
- Cash sales retained by the proprietor for personal use before banking: ₦15,000

What is the total sales figure for Chidi Trading Co. for the year ended 31 December 2025?

  1. ₦399,000Cevap
  2. B
    ₦384,000
  3. C
    ₦373,000
  4. D
    ₦239,000

Cevap

₦399,000
The correct answer of ₦399,000 is obtained by adding total cash sales (₦145,000 banked + ₦15,000 drawings = ₦160,000) to credit sales derived from the Debtors Control Account (₦58,000 + ₦210,000 + ₦6,000 + ₦4,000 + ₦3,000 - ₦42,000 = ₦239,000).

Adım Adım Çözüm

1
Calculate Total Cash Sales
Total Cash Sales = ₦145,000 (banked) + ₦15,000 (drawings from sales) = ₦160,000
Cash sales taken by the proprietor prior to banking must be included in total cash receipts from sales under the business entity principle.
2
Reconstruct Total Debtors Account to derive Credit Sales
Credit Sales = Closing Debtors + Cheques Received + Discount Allowed + Returns Inwards + Bad Debts - Opening Debtors = ₦58,000 + ₦210,000 + ₦6,000 + ₦4,000 + ₦3,000 - ₦42,000 = ₦239,000
In incomplete records, credit sales are found by crediting the debtors account with payments, discounts, returns, bad debts, and closing balance, then deducting opening debtors.
3
Calculate Total Sales
Total Sales = Cash Sales + Credit Sales = ₦160,000 + ₦239,000 = ₦399,000
Total sales comprises both cash sales and credit sales generated during the accounting period.

Anahtar Kavram

Reconstruction of Debtors Control Account and Cash Sales for Total Sales Determination
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Konular

Calculation of Total Sales and Total Purchases

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