Opening debtors = Rs. 2,00,000, Closing debtors = Rs. 4,40,000, Receipts from debtors = Rs. 1,20,000. What is the amount of credit sales during the year?

Rs. 4,60,000

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Rs. 3,60,000

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Rs. 2,40,000

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None of the above

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Solution

The correct option is B
Rs. 3,60,000

Credit sales
= Closing debtors + Receipts - Opening debtors
= Rs. 4,40,000 + 1,20,000 - 2,00,000
= Rs 3,60,000

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