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Use the data provided, calculate the following: Total Sales Total Purchases Gross profit Total value of closing stock Value of stock that was destroyed Date

Use the data provided, calculate the following: 

Total Sales 

Total Purchases 

Gross profit 

Total value of closing stock 

Value of stock that was destroyed


Date as at June 1, 2023:

Creditors 107,300

debtors 86, 200

stock 122,600

Data recorded during the month:

Receipts from credit customers 71,700

Bad debts written off 7,900

Cheques returned from creditors 9,100

Cash sales 208,100 discounts allowed 6400

Stock taken for personal use 5,200

Returns outwards 10,100

Cash purchases 164,900

Payments to credit suppliers 69,800

Set off 8,300 discounts received 13,800

Data as at June 30, 2023:

Creditors 55,400

Debtors 71,200

Undamaged stock 11,900


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