Question

From the following particulars, calculate the amount
of credit sales and credit purchases.

As on
01.04.17
As on
31.03.18
Pun 18, 00
Debtors
10,000
12,000
Creditors
8,000
6,000
Bills payable
2,000
4,000
Bills receivable
6,000
3,000
Transactions during 2017-18
Rs.
Discount Allowed
1,500
Discount received
800
Collection from debtors
28,500
Payment to creditors
15,900
4,400
Bills receivable realised on maturity
2,000
Bills payable met on maturity​

Answer 1

Answer:

Add all sales and add all purchase