Question 25 of 50
Q.
From the following details find out total sales made during the year.
| Particulars | ₹ |
|---|---|
| Debtors on 1st January 2018 | 1,30,000 |
| Cash received from debtors during the year | 4,20,000 |
| Sales returns | 35,000 |
| Bad debts | 15,000 |
| Debtors on 31st December 2018 | 2,00,000 |
| Cash sales | 4,60,000 |
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2022Subjective· 3mImportance★★★★★
50% · 25/50 Questions
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Start your 14-day free trial to unlock the full solution →Credit sales is the balancing figure of the Total Debtors Account (₹5,40,000); total sales = credit sales + cash sales = ₹5,40,000 + ₹4,60,000 = ₹10,00,000.
Under the single-entry / incomplete-records method, credit sales are recovered by preparing a Total Debtors Account. Opening debtors and credit sales are debited; cash received, sales returns, bad debts and closing debtors are credited.
Total Debtors Account
| Dr — Particulars | ₹ | Cr — Particulars | ₹ |
|---|---|---|---|
| To Balance b/d (1 Jan 2018) | 1,30,000 | By Cash received | 4,20,000 |
| To Credit sales (balancing figure) | 5,40,000 | By Sales returns | 35,000 |
| By Bad debts | 15,000 | ||
| By Balance c/d (31 Dec 2018) | 2,00,000 | ||
| Total | 6,70,000 | Total | 6,70,000 |
| … |
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