Accounts doubt...very urgent pls

832 views 4 replies

 

Opening Debtors Rs.10,200
Cash Received from debtors during the year
(as per cash book) Rs. 30,400
Returns Inwards Rs. 2,700
Bad debts Rs. 1,2 00
Debtors at end Rs. 13,800
Cash Sales (As per cash book) Rs. 28,400
Total Sales will be
(a) Rs. 66,300 (b) Rs. 66,000
(c) Rs. 65,000 (d) Rs. 66,500
Replies (4)
10200   30400  
    2700  
Credt sales   1200  
37900   13800  
       
   
48100  
       

Answer    A    66300

 

CLOSING DEBTORS               13800
Add:BAD DEBTS                         1200
Add:RETURN INWARDS           2700
Add:CASH RECEIVED             30400
Less:Opening Debtors            10200
CREDIT SALES               37900
                                                    
TOTAL SALES = Cash Sales+Credit Sales
                           = 28400+37900
                           =66300
 
Yes, you found the answers. As both of above answers are correct.

66300 is correct answer...

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