Question

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

$\begin{array}{cc}& (Rs.)\\ \text{Opening Debtors}& 45,000\\ \text{Closing Debtors}& 56,000\\ \text{Discount allowed}& 2,500\\ \text{Sales returns}& 8,500\\ \text{Irrecoverable Amount}& 4,000\\ \text{Bills receivables received}& 12,000\\ \text{Bills receivables dishonoured}& 3,000\\ \text{Cheque dishonoured}& 7,700\\ \text{Cash Sales}& 80,000\\ \text{Cash received from Debtors}& 2,30,000\\ \text{Cheque received from Debtors}& 25,000\end{array}$

Answer 1

$\text{Dr.}\text{Debtor's Account}Cr.\begin{array}{cccccccc}\text{Date}& \text{Particulars}& \text{J.F.}& \text{Amt. (Rs.)}& \text{Date}& \text{Particulars}& \text{J.F.}& \text{Amt. (Rs.)}\\ & \text{Balance b/d}& & 45,000& & \text{Discount}& & \\ & \text{Bills}& & & & \text{Allowed}& & 2,500\\ & \text{Receivable}& & & & \text{Sales Return}& & 8,500\\ & \text{(Dishonoured)}& & 3,000& & \text{Bad debts}& & 4,000\\ & \text{Bank}& & & & \text{Bills}& & \\ & \text{(Cheque}& & & & \text{Receivable}& & 12,000\\ & \text{Dishonoured)}& & 7,700& & \text{Cash}& & \\ & \text{Sales}& & 2,82,300& & \text{(Received)}& & 2,30,000\\ & \text{(Balancing}& & & & \text{Bank}& & \\ & \text{figure)}& & & & \text{(Cheque}& & \\ & & & & & \text{Received)}& & 25,000\\ & & & & & \text{Balance c/d}& & 56,000\\ & & & \underset{–}{\underset{–}{\overline{3,38,000}}}& & & & \underset{–}{\underset{–}{\overline{3,38,000}}}\end{array}$

Total Sales
= Cash Sales + Credit Sales
= Rs. 80,000 + Rs. 2,82,300
= Rs. 3,62,300