Question

From the following details calculate credit sales. Debtors balance as on $1-4-2013$ Rs. $30,000$
Collection from debtors during the year Rs. $70,000$
Discount given to debtors Rs. $4,000$
Bad debts during the year Rs. $3,500$
Debtors balance as on $31-3-2014$ Rs. $20,000$

• A. Rs. $70,000$
• B. Rs. $71,000$
• C. Rs. $68,500$
• D. Rs. $67,500$

Answer 1

Answer: (D)

Rs. $67,500$

Particulars	Amount	Particulars	Amount
To Opening balance	30000	By Discount	4000
To Credit Sales	67500	By Bad debts	3500
		By Cash	70000
		By Closing Balance	20000
Total	97500	Total	97500