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What will be the total sales of the year 2008-09 for A Limited, if they provided following information:
Cash sales Rs.80,000
Cash collected from debtors Rs.1,50,000
Bad debts during the year Rs.10,000
Debtors at 1st April, 2008 Rs.15,000
Debtor at 31st March, 2009 Rs.10,000
Cash sales Rs.80,000
Cash collected from debtors Rs.1,50,000
Bad debts during the year Rs.10,000
Debtors at 1st April, 2008 Rs.15,000
Debtor at 31st March, 2009 Rs.10,000
Bad debts recovered Rs 5000
- a)Rs. 2,35,000
- b)Rs. 2,30,000
- c)Rs. 2,40,000
- d)Rs. 2,25,000
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
What will be the total sales of the year 2008-09 for A Limited, if the...
Calculation of Total Sales for the Year 2008-09
Given:
Cash sales = Rs. 80,000
Cash collected from debtors = Rs. 1,50,000
Bad debts during the year = Rs. 10,000
Debtors at 1st April, 2008 = Rs. 15,000
Debtors at 31st March, 2009 = Rs. 10,000
Bad debts recovered = Rs. 5,000
Step 1: Calculation of Opening Balance of Debtors
Debtors at 1st April, 2008 = Rs. 15,000
Step 2: Calculation of Closing Balance of Debtors
Debtors at 31st March, 2009 = Rs. 10,000
Step 3: Calculation of Total Credit Sales
Total Credit Sales = Cash collected from debtors + Closing balance of debtors - Opening balance of debtors
Total Credit Sales = Rs. 1,50,000 + Rs. 10,000 - Rs. 15,000
Total Credit Sales = Rs. 1,45,000
Step 4: Calculation of Total Sales
Total Sales = Cash sales + Total Credit Sales
Total Sales = Rs. 80,000 + Rs. 1,45,000
Total Sales = Rs. 2,25,000
Step 5: Calculation of Adjusted Total Sales
Adjusted Total Sales = Total Sales - Bad debts during the year + Bad debts recovered
Adjusted Total Sales = Rs. 2,25,000 - Rs. 10,000 + Rs. 5,000
Adjusted Total Sales = Rs. 2,20,000
Step 6: Calculation of Total Sales for the Year 2008-09
Total Sales for the Year 2008-09 = Adjusted Total Sales + Opening balance of debtors - Closing balance of debtors
Total Sales for the Year 2008-09 = Rs. 2,20,000 + Rs. 15,000 - Rs. 10,000
Total Sales for the Year 2008-09 = Rs. 2,35,000
Therefore, the correct answer is option 'A', which is Rs. 2,35,000.
Given:
Cash sales = Rs. 80,000
Cash collected from debtors = Rs. 1,50,000
Bad debts during the year = Rs. 10,000
Debtors at 1st April, 2008 = Rs. 15,000
Debtors at 31st March, 2009 = Rs. 10,000
Bad debts recovered = Rs. 5,000
Step 1: Calculation of Opening Balance of Debtors
Debtors at 1st April, 2008 = Rs. 15,000
Step 2: Calculation of Closing Balance of Debtors
Debtors at 31st March, 2009 = Rs. 10,000
Step 3: Calculation of Total Credit Sales
Total Credit Sales = Cash collected from debtors + Closing balance of debtors - Opening balance of debtors
Total Credit Sales = Rs. 1,50,000 + Rs. 10,000 - Rs. 15,000
Total Credit Sales = Rs. 1,45,000
Step 4: Calculation of Total Sales
Total Sales = Cash sales + Total Credit Sales
Total Sales = Rs. 80,000 + Rs. 1,45,000
Total Sales = Rs. 2,25,000
Step 5: Calculation of Adjusted Total Sales
Adjusted Total Sales = Total Sales - Bad debts during the year + Bad debts recovered
Adjusted Total Sales = Rs. 2,25,000 - Rs. 10,000 + Rs. 5,000
Adjusted Total Sales = Rs. 2,20,000
Step 6: Calculation of Total Sales for the Year 2008-09
Total Sales for the Year 2008-09 = Adjusted Total Sales + Opening balance of debtors - Closing balance of debtors
Total Sales for the Year 2008-09 = Rs. 2,20,000 + Rs. 15,000 - Rs. 10,000
Total Sales for the Year 2008-09 = Rs. 2,35,000
Therefore, the correct answer is option 'A', which is Rs. 2,35,000.
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What will be the total sales of the year 2008-09 for A Limited, if the...
Bad debts were 10000 but 5000 has been recovered so - 5000 from bad debts.
Now Bad debts + Cash sales + Amount received from Dr.= Total sale 5000 + 80000 + 150000 = 235000.
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What will be the total sales of the year 2008-09 for A Limited, if they provided following information:Cash sales Rs.80,000Cash collected from debtors Rs.1,50,000Bad debts during the year Rs.10,000Debtors at 1st April, 2008 Rs.15,000Debtor at 31st March, 2009 Rs.10,000Bad debts recovered Rs 5000a)Rs. 2,35,000b)Rs. 2,30,000c)Rs. 2,40,000d)Rs. 2,25,000Correct answer is option 'A'. Can you explain this answer?
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