What is the correct formula for calculating credit sales?

Opening debtors + Receipts from debtors - Closing debtors

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Closing debtors + Receipts from debtors - Opening debtors

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Closing debtors - Receipts + Opening debtors

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None of the above

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Solution

The correct option is B
Closing debtors + Receipts from debtors - Opening debtors

Credit sales = Closing debtors + Receipts - Opening debtors

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Similar questions

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?

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?

Q. If opening debtors is Rs. 2,00,000, closing debtors is Rs. 4,40,000 and receipts is Rs. 1,20,000, then the amount of credit sales is .

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

Determine debtors turnover ratio if, closing debtors is Rs 40,000, total sales is Rs 4,00,000. Credit sales is 25% of total sales and excess of closing debtors over opening debtors is Rs 30,000.

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What is the correct formula for calculating credit sales?

The correct option is B Closing debtors + Receipts from debtors - Opening debtors Credit sales = Closing debtors + Receipts - Opening debtors

The correct option is B
Closing debtors + Receipts from debtors - Opening debtors

Credit sales = Closing debtors + Receipts - Opening debtors