Accounting from incomplete records

Bonita (trainee) (218 Points)

24 August 2009  

determine sale??

op stock  80000

cl stock   90000

goods taken by proprietor  1000

goods lost by fire    5000

purchases  570000

gp ratio 33 1/3% on cost

 

 

2) calculate purchases

op debtors  17000

cl debtors 28000

collections  212000

excess of closing over opening stock   5000

gp ration 25%