X Limited gives you the following information to find out Total Sales and Total Purchases: Particulars ₹ Particulars ₹ Debtors as on 1st April, 2025…

CA Foundation · Accounting · MTP · May 2026
X Limited gives you the following information to find out Total Sales and Total Purchases: Particulars ₹ Particulars ₹ Debtors as on 1st April, 2025 70,000 Discount allowed by Suppliers 7,000 Creditors as on 1st April, 2025 81,000 Discount allowed to Customers 9,000 Bills Receivable received during the year 47,000 Bad Debts Recovered 16,000 Bills Payable issued during the year 53,000 Sales Return 11,000 Amount received from Customers 1,56,000 Cash Sales 1,68,500 Amount paid to Suppliers 1,72,000 Cash Purchases 1,97,800 Bills Receivables dishonoured by Customers 5,000 Debtors as on 31st March, 2026 82,000 Bills Receivables endorsed to Creditors 27,000 Creditors as on 31st March, 2026 95,000 Endorsed Bills Receivable dishonoured 3,000

Suggested Answer and Working Notes:

Total Debtors A/c Particulars ₹ Particulars ₹ To balance b/d (given) 70,000 By Bank A/c (Amount Received) 1,56,000 To Creditors A/c (Dishonour of endorsed B/R) 3,000 By Discount Allowed A/c 9,000 To Bills Receivable A/c (Dishonoured) 5,000 By Bills Receivable A/c (B/R Received) 47,000 By Sales Returns A/c 11,000 To Sales A/c (bal. fig. = Credit Sales) 2,27,000 By balance c/d (given) 82,000 3,05,000 3,05,000 Total Creditors A/c Particulars ₹ Particulars ₹ To Bank A/c (Amount paid) 1,72,000 By balance b/d 81,000 To Discount Received A/c 7,000 By Debtors A/c (Dishonour of endorsed B/R) 3,000 To Bills Payable A/c (Issued) 53,000 By Purchases A/c (bal. fig. = Credit Purch.) 2,70,000 To Bills Receivable (Endorsement) 27,000 To balance c/d (given) 95,000 3,54,000 3,54,000

Topics: Accounts from Incomplete Records

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