Question - 14

From the following find out the credit sales and credit purchases for the year 2016-17.
  1. Total debtors on 1st April 2016 Rs. 20,000.
  2. Total creditors on 1st April 2016 Rs, 25,000.
  3. Cash received from debtors Rs. 12,000.
  4. Cash payments to crditors Rs. 30,000.
  5. (B/R) Rs. 15,000
  6. (B/P) Rs. 10,000.
  7. Discount allowed Rs. 2,000
  8. Discount received Rs. 1,000
  9. Returns inward Rs. 400
  10. Returns outward Rs. 800
  11. Total debtors on 31st March 2017 Rs. 11,500
  12. Total creditors on 31st March 2017 Rs. 10,000.