From the details given below find out the Credit Sales and Total Sales :

₹

Opening Debtors 60,000

Closing Debtors 75,000

Discount allowed 4,400

Sales Return 12,000

Bad-Debts 5,600

Provision for Bad-Debts 3,800

B/R received from Debtors 16,000

B/R dishonoured 4,000

B/R discounted 10,000

Discounted bills dishonoured 3,000

Cash Sales 1,05,000

Cash received from Debtors (including ₹ 6,000 against a debt previously written off) 3,08,000

Cheques received from Debtors 32,000

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Solution

Debtors Account

Dr.

Cr.

Particulars

Amount

(₹)

Particulars

Amount

(₹)

Balance b/d

60,000

Cash A/c

3,02,000

Bill Receivable A/c

4,000

Sales Return A/c

12,000

Bank A/c

3,000

Bad-Debts A/c

5,600

Sales A/c (Credit)

3,80,000

Bill Receivable A/c

16,000

Discount Allowed

4,400

Bank A/c

32,000

Balance c/d

75,000

4,47,000

4,47,000

Total Sales = Cash Sales + Credit Sales

Total Sales = 1,05,000 + 3,80,000 = 4,85,000

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Similar questions

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	$25, 000$

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.

Q. From the following details find out the total sales.

Particulars	Rs.
Opening Debtors	$10, 200$
Cash received from debtors	$30, 400$
Returns Inwards	$2, 700$
Bad debts	$1, 200$
Debtors at end	$13, 800$
Cash Sales	$28, 400$

Q. Prepare a trading and profit & loss account of M/s Green Club Ltd. for the year and a Balance Sheet as at that date from the following figures taken from their trial balance:

Debit Balances	(₹)	Credit Balances	(₹)
Opening Stock	1,25,000	Sales	2,50,000
Purchases	35,000	Purchase Return	6,000
Return inward	25,000	Creditors	55,000
Postage	600	Capital	50,000
Salary	12,300	Discount received	1,000
Wages	3,000	Provision for bad debts	4,500
Rent and rates	1,000	Commission received	5,400
Packing and transport	500
General expenses	400
Insurance	4,000
Debtors	50,000
Cash in hand	20,000
Closing Stock	40,000
Machinery	20,000
Lighting	5,000
Discount	3,500
Bad debts	3,500
Investments	23,100
	3,71,900		3,71,900

Adjustments:-
(i) Depreciation charged on Machinery @ 5% p.a.
(ii) Further Bad-debts ₹ 1,500, provision for discount on debtors @ 5% and provision for Doubtful Debts on debtors @ 6%.
(iii) Wages prepaid ₹ 1,000.
(iv) Interest on investments @ 5% p.a.

Prepare a trading and profit and loss account of M/s Green Club Ltd. for the year ending March 31, 2017. from the following figures taken from his trial balance :

Account Title	Amount Rs	Account Title	Amount Rs
Opening stock	35,000	Sales	2,50,000
Purchases	1,25,000	Purchase return	6,000
Return inwards	25,000	Creditors	10,000
Postage and Telegram	600	Bills payable	20,000
Salary	12,300	Discount	1,000
Wages	3,000	Provision for bad debts	4,500
Rent and Rates	1,000	Interest received	5,400
Packing and Transport	500	Capital	75,000
General expense	400
Insurance	4,000
Debtors	50,000
Cash in hand	20,000
Cash at bank	40,000
Machinery	20,000
Lighting and Heating	5,000
Discount	3,500
Bad debts	3,500
Investment	23,100
	3,71,900		3,71,900

Adjustments

1. Depreciation charged on machinery @ 5% p.a.

2. Further bad debts Rs 1,500, discount on debtors @ 5% and make a provision on debtors @ 6%.

3. Wages prepaid Rs 1,000.

4. Interest on investment @ 5% p.a.

5. Closing stock 10,000.

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	₹
Opening Debtors	60,000
Closing Debtors	75,000
Discount allowed	4,400
Sales Return	12,000
Bad-Debts	5,600
Provision for Bad-Debts	3,800
B/R received from Debtors	16,000
B/R dishonoured	4,000
B/R discounted	10,000
Discounted bills dishonoured	3,000
Cash Sales	1,05,000
Cash received from Debtors (including ₹ 6,000 against a debt previously written off)	3,08,000
Cheques received from Debtors	32,000

Debtors Account
Dr.			Cr.
Particulars	Amount (₹)	Particulars	Amount (₹)
Balance b/d	60,000	Cash A/c	3,02,000
Bill Receivable A/c	4,000	Sales Return A/c	12,000
Bank A/c	3,000	Bad-Debts A/c	5,600
Sales A/c (Credit)	3,80,000	Bill Receivable A/c	16,000
		Discount Allowed	4,400
		Bank A/c	32,000
		Balance c/d	75,000
	4,47,000		4,47,000