Question

Debtors in the beginning of the year were ​₹ 30,000, Sales on credit during the year were ₹ 75,000, Cash received from the Debtors during the year was ₹ 35,000, Returns Inward (regarding credit sales) were ₹ 5,000 and Bills Receivable drawn during the year were ₹ 25,000. Find the balance of Debtors at th end of the year, assuming that there were Bad Debts during the year of ₹ 2,000.

Answer 1

Debtors Account
Dr.			Cr.
Particulars	Amount (₹)	Particulars	Amount (₹)
Balance b/d	30,000	Cash A/c	35,000
Sales A/c	75,000	Sales Return A/c	5,000
		Bill Receivable A/c	25,000
		Bad-Debts A/c	2,000
		Balance c/d	38,000
	1,05,000		1,05,000