Rs

Opening stock

30,000

Closing stock

25,000

Opening creditors

50,000

Closing debtors

75,000

Discount allowed by creditors

1,500

Discount allowed to customers

2,500

Cash paid to creditors

1,35,000

Bills payable accepted during the period

30,000

Bills receivable received during the period

75,000

Cash received from customers

2,20,000

Bills receivable dishonoured

3,500

Purchases

2,95,000

(Hint: Total sales = 4,00,000 = 3,00,000 × 100 ×

100

)

75