ACCA F3 Incomplete

The following information is relevant to the calculation of the sales figure for Beta, a sole trader who does not keep proper accounting records.

	$
Opening Accounts Receivable	12,345
Cash received from credit customers and paid into the bank	45,670
Expenses paid out of cash received from credit customers before banking	4,690
Irrecoverable debts written off	1,824
Refunds to credit customers	702
Discounts allowed to credit customers	14,040
Cash Sales	23,100
Closing accounts receivable	94,192

What should appear in Beta's trading account for sales?

SUGGESTED SOLUTIONS

	DEBIT	CREDIT
	$	$
Opening Accounts Receivable	12,345
Cash received from credit customers and paid into the bank		45,670
Expenses paid out of cash received from credit customers before banking		4,690
Irrecoverable debts written off		1,824
Refunds to credit customers	702
Discounts allowed to credit customers		14,040
Credit sales	Answer
Closing accounts receivable	94,192

Solve the equation

Credit Sale = $147,369

Total sale = Credit sale + Cash sale

= 147,369 + 23,100

= $ 170,469