Opening debtor - 15,000
Bad Debts - 14,000
Cash received from debtors - 1,60,000
Closing debtors - 7,000
Cash sales - 20,000
Total sales will be -
Please solve the above problem
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Please answer
Replies (11)
TOTAL SALES:
CASH SALES- 20,000
CREDIT SALES- 1,66,000
TOTAL SALES- 1,86,000
PLEASE FIND ATTACHED HEREWITH THE .XLS FILE FOR THE SOLUTION.
REGARDS,
DEVENDRA
Cash sales cannot come in debtors account......So total sales comes out to be Rs 1,86,000. The entry for Cash sales is Cash a/c Dr to Sales Cr....so where does debtors come..i think Mr devendra u rechech ur answer.
YES. YOU ARE RIGHT DIVYA. THANKS FOR CORRECTING ME.
yes i agree with divya, please find therein the excel sheet as attachment for the detailed answer.
Agreed For The Above
Rs.1,66,000
CREDIT SALE -166000
TOTAL SALE-186000
AGREE WITH FRIENDS
Debtors A/C
| Particulars |
Amount |
Particulars |
Amount |
|---|---|---|---|
| To Balance b/d | 15,000 | By Bad Debts | 14,000 |
|
To Credit Sales(balancing figure) |
1,66,000 | By Cash A/C | 1,60,000 |
| By Balance c/d | 7,000 | ||
| TOTAL |
1,81,000 |
1,81,000 |
Total Sales = Credit Sales + Cash Sales = 1,66,000 + 20,000
=1,86,000
Prepare Debtor a/c from this you will get credit sale by Rs. 1,66,000/- Now add cash sale by Rs.20,000/- and total sales come to Rs.1,86,000/-
Credit Sales Rs 1.66 L & Cash Sales Rs 20 K total Sales 1.86 L
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