Sumitra is engaged in the business of trading in detergents. She does not maintain proper records of her business. From the following details…

CA Foundation · Accounting · PYQS · January 2026
Sumitra is engaged in the business of trading in detergents. She does not maintain proper records of her business. From the following details furnished by her, you are required to compute the amount of Total Purchases and Sales for the year ended 31 st March, 2025: Particulars Amount (₹) Opening Balance (1 st April, 2024) Inventory 2,00,000 Sundry Creditors 1,23,000 Sundry Debtors 1,50,000 Closing Balance (31 st March, 2025) Inventory 1,50,000 Sundry Creditors 1,38,000 Sundry Debtors 2,56,000 Cash paid to Creditors 2,63,700 Cash received from Debtors 4,56,000 Cash Sales 83,400 Cash Purchases 30,000 Discount received during the year 11,300 Discount allowed during the year 18,700

Suggested Answer and Working Notes:

Sundry Creditors A/c Particulars ₹ ₹ To Cash paid to creditors 2,63,700 By Balance b/d 1,23,000 To Discount (received) 11,300 By Purchases (balancing figure) 2,90,000 To Balance c/d 1,38,000 4,13,000 4,13,000 Total Purchases = Credit Purchases + Cash purchases = 2,90,000 +30,000 = 3,20,000 Sundry Debtors A/c Particulars ₹ ₹ To Balance b/d 1,50,000 By Cash received from debtors 4,56,000 To Credit sales (balancing figure) 5,80,700 By Discount (allowed) 18,700 By Balance c/d 2,56,000 7,30,700 7,30,700 So total sales = credit sales + cash sales = 5,80,700 +83,400 = 6,64,100

Topics: Accounts from Incomplete Records

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