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Logical Description of Accounting Equation(AE)

Calculate the...

Question

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

71702

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8632

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95162

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109990

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Solution

The correct option is C 95162
Dr Total Debtors Account Cr
To Balance B/d 14828 By Cash A/c 86530
To Sales A/c 95162 By Balance C/d 23460
109990 109990

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Opening balance of cash account Rs. 1,00,000. Expenditure paid Rs. 30,000. Amount received from debtors Rs. 80,000. What is the closing cash balance.

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