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Opening balance of cash =4000 closing balance =7000 payment to creditors =80000 bills payable matured= 6000 bills receivable discounted= 9000 sundry expenses =3000 drawings= 12000 what is the amount received from debtors ? Correct answer is 9500 please explain?
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Opening balance of cash =4000 closing balance =7000 payment to credito...
Calculation of Amount Received from Debtors:

Opening balance of cash = 4000
Closing balance = 7000
Payment to creditors = 80000
Bills payable matured = 6000
Bills receivable discounted = 9000
Sundry expenses = 3000
Drawings = 12000

To calculate the amount received from debtors, we need to first calculate the total amount of transactions related to debtors. This can be done by subtracting the total payments made to creditors, bills payable matured, bills receivable discounted, sundry expenses, and drawings from the sum of opening and closing balances of cash.

Total transactions related to debtors = (Opening balance + Closing balance) - (Payment to creditors + Bills payable matured + Bills receivable discounted + Sundry expenses + Drawings)

Total transactions related to debtors = (4000 + 7000) - (80000 + 6000 + 9000 + 3000 + 12000)

Total transactions related to debtors = 11000 - 110000

Total transactions related to debtors = -99000

As we can see, the total transactions related to debtors are in the negative, which means that the company has not received any amount from debtors during the accounting period. Therefore, the amount received from debtors is zero.

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Opening balance of cash =4000 closing balance =7000 payment to credito...
95000
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Opening balance of cash =4000 closing balance =7000 payment to creditors =80000 bills payable matured= 6000 bills receivable discounted= 9000 sundry expenses =3000 drawings= 12000 what is the amount received from debtors ? Correct answer is 9500 please explain?
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