Question

Ascertain the appropriate missing figure by preparing the Total Debtors Account from the following information:

Debtors as at March 31, 2018 Rs. 56,000,
Debtors as at March 31, 2017 Rs. 48,000,
Sales returns Rs. 2,000,
Cash received from debtors Rs. 1,49,600,
Bills receivable drawn Rs. 52,000,
Discount allowed Rs. 2,000,
Bad debts Rs. 2,000,
Cheques received from debtors Rs. 20,000,
Bills Receivable dishonoured Rs. 8,000,
Cheques dishonoured Rs. 12,000.

Answer 1

$\text{Dr.}\text{Total Debtors Account}\text{Cr.}\begin{array}{cccc}\text{Particulars}& \text{Amt. (Rs.)}& \text{Particulars}& \text{Amt. (Rs.)}\\ \text{Balance b/d}& 48,000& \text{Cash A/c}& 1,49,600\\ \text{Bills Receivable A/c}& 8,000& \text{Bank A/c}& 20,000\\ \text{Bank A/c}& 12,000& \text{Bills Receivable A/c (B/R drawn)}& 52,000\\ \text{Credit Sales}& 2,15,600& \text{Discount Allowed}& 2,000\\ \text{(Balancing figure)}& & \text{Sales Return}& 2,000\\ & & \text{Bad Debts}& 2,000\\ & & \text{Balance c/d}& 56,000\\ & \overline{2,83,600}& & \overline{2,83,600}\end{array}$