Opening balance of debtors is Rs. $35, 000$ cash received from Debtors is Rs. $30, 000$ cash sales Rs. $20, 000$ which is $20 %$ of total sales. B/R Received for Rs. $40, 000$ and discount allowed is $1 %$ of cash collection. Find the net debtor balance.

Rs.

15, 300

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Rs.

44, 700

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Rs.

64, 700

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Rs.

35, 700

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Solution

The correct option is A Rs. $44, 700$
The calculation is as under:
Opening balance - cash collection + Credit sales - Bills Receivable received - discount allowed.
Rs. $35, 000$ -Rs. $30, 000$ +Rs. $80, 000$ - Rs. $40, 000$ -Rs. $300$ = Rs. $44, 700$

Note 1: If cash sales is Rs. $20, 000$ which is 20% of total sales, hence 80% is credit sales i.e Rs. $80, 000$ .
Note 2: Discount allowed is 1% of cash collection , cash collected is Rs. $30, 000$ , 1% of which is Rs. $300$ .

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Similar questions

Q. Opening debtors Rs. 12, 000, closing debtors Rs. 15, 000 cash received from debtors Rs. 25, 000 what is the amount for sales?

Q. Total sales during the year amounted to Rs.170000, cash sales Rs.10000, outstanding debtors at the end of the year Rs.25000. Cash received from debtors will be Rs.____________.

Opening balance of cash account Rs. 1,00,000. Expenditure paid Rs. 30,000. Amount received from debtors Rs. 80,000. What is the closing cash balance.

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. 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	$25, 000$

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Opening balance of debtors is Rs. 35,000 cash received from Debtors is Rs. 30,000 cash sales Rs. 20,000 which is 20% of total sales. B/R Received for Rs. 40,000 and discount allowed is 1% of cash collection. Find the net debtor balance.

Opening balance of debtors is Rs. $35, 000$ cash received from Debtors is Rs. $30, 000$ cash sales Rs. $20, 000$ which is $20 %$ of total sales. B/R Received for Rs. $40, 000$ and discount allowed is $1 %$ of cash collection. Find the net debtor balance.