From the following information, prepare the bills receivable account and total debtors account for the year ended March 31, 2017. | Particulars | Amount (₹) | |:---|---:| | Opening balance of debtors | 1,80,000 | | Opening balance of bills receivable | 55,000 | | Cash sales made during the year | 95,000 | | Credit sales made during the year | 14,50,000 | | Return inwards | 78,000 | | Cash received from debtors | 10,25,000 | | Discount allowed to debtors | 55,000 | | Bills receivable endorsed to creditors | 60,000 | | Cash received (bills matured) | 80,500 | | Irrecoverable amount | 10,000 | | Closing balance of bills receivable on March 31, 2017 | 75,500 |

> [!TLDR] > First the Bills Receivable Account gives bills received = ₹1,61,000 (balancing figure); this feeds the Total Debtors Account, whose balancing figure is closing debtors = ₹3,01,000. (Cash sales ₹95,000 do not enter the Debtors Account.) **Bills Receivable Account** | Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) | |:---|:---|:---:|---:|:---|:---|:---:|---:| | 2016 Apr 1 | To Balance b/d | — | 55,000 | | By Sundry Creditors A/c (B/R endorsed) | — | 60,000 | | | To Sundry Debtors A/c (bills received) | — | 1,61,000 | | By Cash A/c (bills matured) | — | 80,500 | | | | | | 2017 Mar 31 | By Balance c/d | — | 75,500 | | | | | **2,16,000** | | | | **2,16,000** | **Total Debtors Account** | Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) | |:---|:---|:---:|---:|:---|:---|:---:|---:| | 2016 Apr 1 | To Balance b/d | — | 1,80,000 | | By Cash A/c | — | 10,25,000 | | | To Sales A/c (credit sales) | — | 14,50,000 | | By Discount Allowed A/c | — | 55,000 | | | | | | | By Sales Returns A/c (return inwards) | — | 78,000 | …

From the following information, prepare the bills receivable account and total debtors account for the year en

Numerical Questions · Q25

From the following information, prepare the bills receivable account and total debtors account for the year ended March 31, 2017.

Particulars	Amount (₹)
Opening balance of debtors	1,80,000
Opening balance of bills receivable	55,000
Cash sales made during the year	95,000
Credit sales made during the year	14,50,000
Return inwards	78,000
Cash received from debtors	10,25,000
Discount allowed to debtors	55,000
Bills receivable endorsed to creditors	60,000
Cash received (bills matured)	80,500
Irrecoverable amount	10,000
Closing balance of bills receivable on March 31, 2017	75,500

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First the Bills Receivable Account gives bills received = ₹1,61,000 (balancing figure); this feeds the Total Debtors Account, whose balancing figure is closing debtors = ₹3,01,000. (Cash sales ₹95,000 do not enter the Debtors Account.)

Bills Receivable Account

Date	Particulars	J.F.	Amount (₹)	Date	Particulars	J.F.	Amount (₹)
2016 Apr 1	To Balance b/d	—	55,000		By Sundry Creditors A/c (B/R endorsed)	—	60,000
	To Sundry Debtors A/c (bills received)	—	1,61,000		By Cash A/c (bills matured)	—	80,500
				2017 Mar 31	By Balance c/d	—	75,500
			2,16,000				2,16,000

Total Debtors Account

Date	Particulars	J.F.	Amount (₹)	Particulars	J.F.	Amount (₹)
2016 Apr 1	To Balance b/d	—	1,80,000	By Cash A/c	—	10,25,000
	To Sales A/c (credit sales)	—	14,50,000	By Discount Allowed A/c	—	55,000
				By Sales Returns A/c (return inwards)	—	78,000

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