Regression

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Q2. Freeze Limited gives you the following information.. Discount allowed by Suppliers-15750 Discount allowed to Customers-20,250 Debtors as on 1st April (Opening Balance)-157500 Creditors as on 1st April (Opening Balance)-182250 Bills Receivable received during the year-1,05,750 Endorsed Bills Receivable dishonoured-6750 Bills Payable issued during the year-1,19,250 Sales Return-24,750 Cash received from Customers-351000 Bills Receivable Discounted-18,000 Cash paid to Suppliers-3,87,000 Discounted Bills Receivable-4500 Cash Sales-379125 Bad Debts Recovered-36000 Bills Receivables endorsed to Creditors-60750 Bills Receivables dishonoured by Customers-11,250 Cash Purchases-445050 Debtors on 31st March (Closing Balance)-184500 Creditors as on 31st March (Closing Balance)-2,13,750 You are required to calculate total sales and total purchases

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