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Accounts from Incomplete records

Accountancy

How to find total sales and total purchases as per this que? I am not able to understand the printed solution.

Ujwal Reddy

CA Inter

★ 7K+

27-Sep-23 14:27

453

Answers (1)

Debtors=2 months sales i.e 145000 Total credit sales for the year =145000*12/2 =870000 Out of which cash sales 1/3 on credit sales =870000*1/3=290000 Total sales for the year ending is 25%increase from Last year I e 8700000+2900000=1160000+25%=1450000

Shrikant

CA Inter

★ 1K+

27-Sep-23 15:16