Calculate : Sales
Opening Debtors Rs.5000
Opening Bills Receivable Rs.2000
Cash received from Debtors (including cash from bills receivable) Rs.10000
Closing bills receivable Rs.1000
Closing debtors Rs.8000

10000

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13000

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12000

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Cannot be Ascertained

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Solution

The correct option is C 12000
Dr Total Bill Receivable Account Cr
To Balance B/d 2000 By Cash A/c 1000
By Balance C/d 1000
2000 2000
Total Cash $10000$
Less: Cash received from Bills Receivables $1000$
_________
Cash From Debtors $9000$
Dr Total Bill Receivable Account Cr
To Balance B/d 5000 By Cash A/c 9000
To Sales A/c 12000 By Balance C/d 8000
17000 17000

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Similar questions

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.

Monika has the following assets and liabilities as on 31st March, 2016. Ascertain her capital. Cash Rs. 50,000, bank Rs. 95,000, debtors Rs. 36,000, plant and machinery Rs. 1,60,000, building Rs. 4,00,000, furniture Rs. 48,000, creditors Rs. 44,000, bills receivable Rs. 1,13,000 and bills payable Rs. 47,000.

Q. Question : From the details given below, find out the credit sales and total sales.

	(Rs)
Opening Debtors	$45, 000$
Closing Debtors	$56, 000$
Discount allowed	$2, 500$
Sales returns	$8, 500$
Irrecoverable Amount	$4, 000$
Bills receivables received	$12, 000$
Bills receivable dishonoured	$3, 000$
Cheque dishonoured	$7, 700$
Cash Sales	$80, 000$
Cash received from Debtors	$2, 30, 000$
Cheque received from Debtors	$25, 000$

Q. Question : Prepare the suitable accounts and find out the missing figure if any

	(Rs)
Opening balance of debtors	$14, 00, 000$
Opening balance of bills receivable	$7, 00, 000$
Closing balance of bills receivable	$3, 50, 000$
Cheque dishonoured	$27, 000$
Cash received from debtors	$10, 75, 000$
Cheque received and deposited in the bank	$8, 25, 000$
Discount allowed	$37, 500$
Irrecoverable amount	$17, 500$
Returns Inwards	$28, 000$
Bills receivable received from customers	$1, 05, 000$
Bills receivable matured	$2, 80, 000$
Bills discounted	$65, 000$
Bills endorsed to creditors	$70, 000$

Q. Calculate the Sales.

Opening balance of debtors Rs.14828
Closing balance of Debtors Rs.23460
Cash received from Debtors Rs.86530

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Dr	Total Bill Receivable Account		Cr
To Balance B/d	2000	By Cash A/c	1000
		By Balance C/d	1000
	2000		2000

Dr	Total Bill Receivable Account		Cr
To Balance B/d	5000	By Cash A/c	9000
To Sales A/c	12000	By Balance C/d	8000
	17000		17000

Calculate : SalesOpening Debtors Rs.5000Opening Bills Receivable Rs.2000Cash received from Debtors (including cash from bills receivable) Rs.10000Closing bills receivable Rs.1000Closing debtors Rs.8000

Calculate : Sales
Opening Debtors Rs.5000
Opening Bills Receivable Rs.2000
Cash received from Debtors (including cash from bills receivable) Rs.10000
Closing bills receivable Rs.1000
Closing debtors Rs.8000