Numerical Questions · Q24
Q.
From the details given below, find out the credit sales and total sales.
| Particulars | Amount (₹) |
|---|---|
| Opening debtors | 45,000 |
| Closing debtors | 56,000 |
| Discount allowed | 2,500 |
| Sales returns | 8,500 |
| Irrecoverable amount | 4,000 |
| Bills receivables received | 12,000 |
| Bills receivable dishonoured | 3,000 |
| Cheque dishonoured | 7,700 |
| Cash sales | 80,000 |
| Cash received from debtors | 2,30,000 |
| Cheque received from debtors | 25,000 |
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Start your 14-day free trial to unlock the full solution →Preparing the Total Debtors Account, credit sales is the balancing figure = ₹2,82,300. Total sales = credit sales ₹2,82,300 + cash sales ₹80,000 = ₹3,62,300.
Total Debtors Account
| Date | Particulars | J.F. | Amount (₹) | Date | Particulars | J.F. | Amount (₹) |
|---|---|---|---|---|---|---|---|
| 2016 Apr 1 | To Balance b/d | — | 45,000 | By Cash A/c | — | 2,30,000 | |
| To Sales A/c (credit sales) | — | 2,82,300 | By Bank A/c (cheque received) | — | 25,000 | ||
| To Bills Receivable A/c (B/R dishonoured) | — | 3,000 | By Discount Allowed A/c | — | 2,500 | ||
| To Bank A/c (cheque dishonoured) | — | 7,700 | By Sales Returns A/c | — | 8,500 | ||
| By Bad Debts A/c (irrecoverable) | — | 4,000 |
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