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Financial statement PY question

Accountancy

Can you guyz please explain how credit sales ans total sales can be calculated from the given details 🤍

Aswathy Omanakuttan

CA Inter

★ 0

08-Apr-25 16:42

Answers (1)

Credit sales balance is for 1.5 months = 1,50,000. The total credit sales for 12 months will be = 1,50,000 / 1.5 X 12 = 12,00,000 Total sales = 12,00,000 + 20% cash sales = 12,00,000/80% X 100% = 15,00,000

Likith D

Moderator

09-Apr-25 09:15