158
Question
Open 'T' shape account of our Debtor 'Ram' and write the following transactions on proper side:−
(₹)
(i)
Sold goods to Ram on Credit
20,000
(ii)
Received from Ram
15,000
(iii)
Ram returned goods to us
3,000
(iv)
Again sold goods to Ram on Credit
10,000
(v)
Ram returned goods to us
1,000
|
|
(₹) |
|
| (i) | Sold goods to Ram on Credit | 20,000 |
| (ii) | Received from Ram | 15,000 |
| (iii) | Ram returned goods to us | 3,000 |
| (iv) | Again sold goods to Ram on Credit | 10,000 |
| (v) | Ram returned goods to us | 1,000 |
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Solution
Increase in Debtors (being an asset) will be shown on the debit side and decrease in them will be recorded on the credit side of the Debtors Account.
Ram’s (Debtor) Account
Dr.
Cr.
Particulars
Amount (Rs)
Particulars
Amount (Rs)
Record increase in Debtors on this side-
Record decrease in Debtors on this side-
1. Sold goods to Ram on credit
20,000
2. Received from Ram
15,000
4. Sold goods to Ram on credit
10,000
3. Ram returned goods
3,000
5. Ram returned goods
1,000
Total
30,000
Total
19,000
Balance c/d
Balance
11,000
30,000
30,000
| Ram’s (Debtor) Account | |||||
| Dr. | Cr. | ||||
| Particulars | Amount (Rs) | Particulars | Amount (Rs) | ||
| Record increase in Debtors on this side- | Record decrease in Debtors on this side- | ||||
| 1. Sold goods to Ram on credit | 20,000 | 2. Received from Ram | 15,000 | ||
| 4. Sold goods to Ram on credit | 10,000 | 3. Ram returned goods | 3,000 | ||
| 5. Ram returned goods | 1,000 | ||||
| Total | 30,000 | Total | 19,000 | ||
| Balance c/d | Balance | 11,000 | |||
| 30,000 | 30,000 | ||||
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