Question

Analyse the following situation & compute the value of debtors to be recorded in the books.
1 Amounts receivable until last day of the year Rs 2,00,000
2 Credit sales on the last day of the year Rs 10,000
3 Cash sales on the last day of the year Rs 50,000

• A. Rs 2,10,000
• B. Rs 2,40,000
• C. Rs 1,98,000
• D. Rs 2,00,000

Answer 1

The correct option is A

Rs 2,10,000

Value of debtors: Rs 2,10,000 (2,00,000+10,000)