Total debtors account will be affected by ___________.

Cash sales

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Credit sales

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B/R closing balance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

All of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Credit sales
Credit sales are debited to the individual debtors account and credited to sales account.
Debtors account will be effected by credit sales.

Suggest Corrections

Similar questions

A suspense account of a business shows a debit balance of Rs 1075. Rectify the following errors and bring the suspense account to zero balance.

1) Machinery account has been under balanced by Rs 950.
2) Our debtor Hari’s account has been balanced by excess amount Rs 75.
3) The total of purchase book is over cast by Rs 125.
4) The total of sales return book is under cast by Rs 205.
5) Cash column of the cash book has been balanced short by Rs 120.

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.

Explain how the following may be ascertained from incomplete records

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash

Explain how the following may be ascertained from incomplete records:

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash.

Q. Cash discount allowed to a debtor should be credited to the _________ account.

Join BYJU'S Learning Program

Total debtors account will be affected by ___________.

The correct option is B Credit salesCredit sales are debited to the individual debtors account and credited to sales account. Debtors account will be effected by credit sales.

The correct option is B Credit sales
Credit sales are debited to the individual debtors account and credited to sales account.
Debtors account will be effected by credit sales.