Question

The ending balance of the accounts receivable account was $Rs.1,20,000$. Services billed to customers for the period were $Rs.2,15,000$ and collection on account from customers was $Rs.2,36,000$. Thee beginning balance of account receivable was__________.

• A. $Rs.3,35,000$
• B. $Rs.1,41,000$
• C. $Rs.98,000$
• D. $Rs.3,33,000$

Answer 1

The correct option is B $Rs.1,41,000$

This can be represented as:

Accounts Receivable A/c

Particulars	Amount	Particulars	Amount
To Opening Bal. B/d	141000	By Cash	236000
To Sales/Services	215000	By Closing Balance C/d	120000
Total	356000	Total	356000