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Zorluk: Çok zorCash and Bank Summary Analysis for Missing Cash Receipts and Payments

Folake Enterprises operates an informal accounting system. For the financial year ended 31 December 2025, the following summary of cash and bank operations was extracted from business records:

Item / DescriptionAmount (N\text{N})
Opening cash balance in till (1 Jan 2025)15,000
Opening bank balance (1 Jan 2025)45,000
Cash sales banked directly (without entering till)380,000
Receipts from trade debtors paid directly to bank240,000
Cash transferred from till into bank account120,000
Cheque payments to trade creditors210,000
Cheque payments for office rent36,000
Cash paid from till for general operating expenses28,000
Cash drawn from till by proprietor for personal use42,000
Closing cash balance in till (31 Dec 2025)18,000

What was the total cash sales figure for the year ended 31 December 2025?

  1. N573,000\text{N}573,000Cevap
  2. B
    N193,000\text{N}193,000
  3. C
    N603,000\text{N}603,000
  4. D
    N453,000\text{N}453,000

Cevap

The total cash sales for the year ended 31 December 2025 was N573,000\text{N}573,000.
To compute total cash sales, first construct the Cash Till Account. Total credit items (cash banked N120,000\text{N}120,000 + expenses N28,000\text{N}28,000 + drawings N42,000\text{N}42,000 + closing balance N18,000\text{N}18,000) equal N208,000\text{N}208,000. Subtracting the opening cash balance of N15,000\text{N}15,000 gives cash sales collected in the till of N193,000\text{N}193,000. Adding the direct banked cash sales of N380,000\text{N}380,000 yields the correct total cash sales of N573,000\text{N}573,000.

Adım Adım Çözüm

1
Calculate total cash outflows and closing balance from the till cash account.
Total Outflows = Cash banked from till (N120,000\text{N}120,000) + General operating expenses (N28,000\text{N}28,000) + Personal drawings (N42,000\text{N}42,000) + Closing cash balance (N18,000\text{N}18,000) = N208,000\text{N}208,000.
To determine total cash generated in the till, all cash payments out of the till plus remaining closing cash must be summed.
2
Deduct opening cash balance to find cash sales received in the till.
Till Cash Receipts = Total Outflows (N208,000\text{N}208,000) - Opening Cash (N15,000\text{N}15,000) = N193,000\text{N}193,000.
Opening cash balance was carried forward from the previous period and did not originate from current-year sales.
3
Add cash sales banked directly to till cash receipts to get total cash sales.
Total Cash Sales = Till Cash Receipts (N193,000\text{N}193,000) + Direct Banked Cash Sales (N380,000\text{N}380,000) = N573,000\text{N}573,000.
Total cash sales includes both cash received through the till and cash sales deposited directly into the bank account.

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