Answer Please

its so simple yaar .........

there is mystk in answring......

trust on ur cncepts not on ans.

Originally posted by : atul jain
	its so simple yaar ......... there is mystk in answring...... trust on ur cncepts not on ans.

 I agree with atul...

In Institute materials few are the answers given wrong.. which leads to confuse...

What a great doubt. Atleast be sure of your concepts

Note : It is assumed that Rs,2000 has been received in advance !!

Students can make assumptions wherever necessary !

arre dont worry. model answer papers have lots of errors. dont follow it so blindly. 

instead of using ICAI compilations of papers, use reliance compilations. they are error free relatively thats what i have heard

37000 is right ans...........

My dear friends, the right answer is 35,000. Since the question does not mention opening balance of debtors, we can not assume any xyz amount to get answer. as the total sales is Rs. 70,000 and cash sales is Rs. 10,000, it means credit sales is Rs. 60,000. now, out of this 60,000, Rs. 25,000 is outstanding at the year end, it means that Rs. 35,000 must have been received.

Regards, CA Shakuntala Chhangani

Answer is 35000. 

Answer is Rs. 35000/-

see how

Total Sale = Cash Sale + Credit sale

we know, Total Sale = Rs. 70000.00

                  Cash Sale = Rs. 10000.00

therefore, Credit Sale = 70000 - 10000

                                      = Rs. 60000.00

that means Total Debtor = Rs. 60000.00

and Debtor at end = Rs. 25000.00

thus, Cash received = Total Debtor - Debtor at year end

                                    = 60000 - 25000

                                   = Rs. 35000.00

The Ans 35000/- is correct

Total sales During the year amounted to70,000 ; cash sales10,000; Outstanding debtors at the end of the years25,000 . Cash Recived from debtors during the year will be ?

ANS:        TOTAL SALES DURING THE YEAR =70,000.00

LESS,      CASH SALES                                       = 10,000.00

                                                                         -------------------------

        TOTAL CREDIT SALES                                   60,000.00                                         (1)

                                                                         ----------------------------

                                                                         ----------------------------

          OUT STANDING DEBTORES                 =  25,000.00    

THE CASH RECEIPT DUR. THE YEAR          =   35,000.00

                                                                                  ---------------------

                                                                                       60,000.00                                           (2)

                                                                                  ------------------------

                                                                                 -------------------------                                     

Aankh band karke manlo that the answer is 35000/-

as no more info is given is the qstion

CPT means you have to choose the best option out of four.

so ans is 35000 nt 37000

It's really difficult for student who prepare for CPT without any coaching or guideline...the only guideline is study material...and if it comes with wrong answer....student have to suffer until they get someone with same problems.....!!!

Thanks everyone.

answer is 35000

how?

a.opening debtors      nil

b.credit sales            60000 (70000-10000)

c.less closing drs     25000

d.amount recd.          35000

( a+b-c)

if u assume 2000 as opening debtors then answer can be 37000

note: above assumption is meaningless until it is given