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Question No 13 Chapter No 17 - Unimax Class 11
Find out the credit sales from the particulars given below:
| ₹ | |
|---|---|
| Balance of debtors on 1st April, 2019 | 50,000 |
| Balance of debtors on 31st March, 2020 | 40,000 |
| Cash received from debtors | 2,50,000 |
| Cash returns to debtors | 6,000 |
| Sales returns | 18,000 |
| Discount allowed | 18,000 |
| Bills receivable for debtors | 10,000 |
| Bills receivable dishonored | 4,000 |
| Bills receivable dishonored | 7,000 |
| Bad debts | 12,000 |
| Bad debts previously written off, now recovered | 4,000 |
Total debtors A/c
| Particulars | Amount | Particulars | Amount |
|---|---|---|---|
| To Balance b/d 1-4-2019 | By Cash received | 2,50,000 | |
| Opening Debtors | 50,000 | By Sales returns | 18,000 |
| To Cash returns | 6,000 | By Discount allowed | 8,000 |
| To B/R dishonored | 4,000 | By B/R received | 10,000 |
| To Credit sales (Balance figure) | 2,78,000 | By Bad debts | 12,000 |
| By Balance c/d | 40,000 | ||
| 3,38,000 | 3,38,000 |
Note: There are some items which do not affect the total debtors account and as such, they are not recorded in the total debtors account. These items may be enumerated as follows:
(1) Cash sales
(2) B/R discounted
(3) Provision for bad & Doubtful debts.
(4) Bad debts previously written off, now recovered:- the amount of such bad debts must have already been creditors to debtors account when these were actually as bad debts previously. Hence, the recovery of such bad debts will not affect the debtors account.
(5) Cash received from B/R
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Also, Check out the solved question of all Chapters: –
Students may choose only one part from the Part II and Part III
Part-II
Part-III
Chapter No. 2 - Theory Base of Accounting
Chapter No. 3 - Origin of Transactions
Chapter No. 4 - Vouchers and transactions
Chapter No. 6 - Accounting for Goods and Services Tax(GST)
Chapter No. 9 - Other Subsidiary Books
Chapter No. 10 - Journal Proper
Chapter No. 11 - Trial Balance
Chapter No. 12 - Bank Reconciliation Statement
Chapter No. 14 - Provisions and Reserves
Chapter No. 15 - Bills of Exchange
Chapter No. 16 - Rectification of Errors
Chapter No. 17 - Financial Statements - (Without Adjustments)
Chapter No. 18 - Financial Statements - (With Adjustments)
Check out T.S. Grewal +1 Book 2019 @ Oficial Website of Sultan Chand Publication4
Economics Educator
Mrs. Dilgeerjot Kaur holds a B.Com and M.Com degree and has over 9 years of teaching experience in microeconomics, macroeconomics, and business economics.
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