Question

Opening debtors = Rs. 1,20,000,
Closing debtors = Rs. 2,40,000,
Receipts from debtors = Rs. 52,000.
What is the amount of credit sales during the year?

• A. Rs. 2,92,000
• B. Rs. 1,20,000
• C. Rs. 1,72,000
• D. None of the above

Answer 1

The correct option is C

Rs. 1,72,000

Credit sales
= Closing debtors + Receipts - Opening debtors
= Rs. 1,72,000