opening debtor Rs50,000
total sales Rs50,000
cash received from debtor Rs30,000
cash sales Rs15,000
Sales return Rs3000
Bad debt Rs7000
bill received from customer Rs15,000
Debtor at the end will be
A)1,40,000 B)1,30,000 C)1,20,000 D)1,50,000
opening debtor Rs50,000
total sales Rs50,000
cash received from debtor Rs30,000
cash sales Rs15,000
Sales return Rs3000
Bad debt Rs7000
bill received from customer Rs15,000
Debtor at the end will be
A)1,40,000 B)1,30,000 C)1,20,000 D)1,50,000
In Debit side of Debtor A/c Op Bal Rs. 50,000 and Credit Sale Rs. 35,000 (Rs. 50,000- Rs. 15000) and at credit side of Debtor A/c Cash Collection Rs. 30,000, Sales Return Rs. 3,000, Bad Debt Rs. 7,000 and Bills accepted by them Rs. 15,000- Now Closing Balance is Rs. 30,000.
opening debtor Rs50,000
Add - total sales Rs50,000
Less - cash received from debtor Rs30,000
less - cash sales Rs15,000
Less - Sales return Rs3000
less -Bad debt Rs7000
Less - bill received from customer Rs15,000
Debtor at the end will be Rs. 30,000
Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
View Details
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
CAclubindia
