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 |
The solution of Question No 13 Chapter No 17 – UNIMAX Class 11
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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Final Accounts: Meaning, Definition and Explanation
Profit and Loss Account: Meaning, Format & Examples
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Balance Sheet: Meaning, Format & Examples
Also, Check out the solved question of all Chapters: –
Advanced Accountancy – Unimax Class 11 – 2021 – Solution.
Part-I
- Chapter No. 1 – Introduction of Accounting
- Chapter No. 2 – Theory Base of Accounting
- Chapter No. 3 – Vouchers and Transactions
- Chapter No. 4 – Journal
- Chapter No. 5 – Goods and Services Tax (GST): An Introduction
- Chapter No. 6 – Ledger
- Chapter No. 7 – Special Purpose Book – Cash Book
- Chapter No. 8 – Other Subsidiary Books
- Chapter No. 9 – Trial Balance
- Chapter No. 10 – Rectification of Errors
- Chapter No. 11 – Depreciation
- Chapter No. 12 – Provision and Reserves
- Chapter No. 13 – Bank Reconciliation Statement
- Chapter No. 14 – Bills of Exchange
Students may choose only one part from the Part II and Part III
Part-II
- Chapter No. 15 – Financial Statements (Without Adjustments)
- Chapter No. 16 – Financial Statements (With Adjustments)
- Chapter No. 17 – Accounts from Incomplete Records – Single Entry System
Part-III
- Chapter No. 18 – Introduction to Computers and Accounting information System
- Chapter No. 19 – Computerised Accounting
- Chapter No. 20 – Accounting Software: Tally
- Chapter No. 21 – Data Base System
- Chapter No. 22 – Concept of Entity and Relationship
Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
Chapter No. 4 – Vouchers and transactions
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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
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Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)
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