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Can you explain the answer of this question below:
From the following information ascertain the closing balance of debtors:
Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:
Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:
- A:Rs. 19,200
- B:Rs. 20,400
- C:Rs. 63,400
- D:Rs. 21,900
The answer is b.
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Can you explain the answer of this question below:From the following i...
Debtors a/c=Debit side in so opening debtors +credit sale -(cash received +sale return + bad debts) in credit side=closing debtors
32600+60000 - (70000+1500+700) =20400
Most Upvoted Answer
Can you explain the answer of this question below:From the following i...
Calculation of Closing Balance of Debtors:
Opening balance of debtors = Rs. 32,600
Total Sales = Rs. 1,03,000
Cash collected from debtors = Rs. 70,000
Sales return = Rs. 1,500
Discount on purchases = Rs. 1,200
Cash Sales = Rs. 43,000
Bad debts = Rs. 700
Step 1: Calculation of Total Amount Due from Debtors
Total Amount Due = Opening balance of debtors + Total Sales - Sales return - Discount on purchases
= Rs. 32,600 + Rs. 1,03,000 - Rs. 1,500 - Rs. 1,200
= Rs. 1,33,900
Step 2: Calculation of Amount Collected from Debtors
Amount Collected = Cash collected from debtors + Cash Sales
= Rs. 70,000 + Rs. 43,000
= Rs. 1,13,000
Step 3: Calculation of Closing Balance of Debtors
Closing Balance = Total Amount Due - Amount Collected - Bad debts
= Rs. 1,33,900 - Rs. 1,13,000 - Rs. 700
= Rs. 19,200
Therefore, the closing balance of debtors is Rs. 20,400 (option B).
Opening balance of debtors = Rs. 32,600
Total Sales = Rs. 1,03,000
Cash collected from debtors = Rs. 70,000
Sales return = Rs. 1,500
Discount on purchases = Rs. 1,200
Cash Sales = Rs. 43,000
Bad debts = Rs. 700
Step 1: Calculation of Total Amount Due from Debtors
Total Amount Due = Opening balance of debtors + Total Sales - Sales return - Discount on purchases
= Rs. 32,600 + Rs. 1,03,000 - Rs. 1,500 - Rs. 1,200
= Rs. 1,33,900
Step 2: Calculation of Amount Collected from Debtors
Amount Collected = Cash collected from debtors + Cash Sales
= Rs. 70,000 + Rs. 43,000
= Rs. 1,13,000
Step 3: Calculation of Closing Balance of Debtors
Closing Balance = Total Amount Due - Amount Collected - Bad debts
= Rs. 1,33,900 - Rs. 1,13,000 - Rs. 700
= Rs. 19,200
Therefore, the closing balance of debtors is Rs. 20,400 (option B).
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Can you explain the answer of this question below:From the following i...
Debtors a/c=Debit side in so opening debtors +credit sale -(cash received +sale return + bad debts) in credit side=closing debtors.....32600+60000 - (70000+1500+700) =20400
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Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b.
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Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b. for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b. covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b..
Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b. for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b. covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b..
Solutions for Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b. in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Can you explain the answer of this question below:From the following information ascertain the closing balance of debtors:Opening balance of debtors Rs. 32,600; total sales Rs. 1,03,000; cash collected from debtors Rs. 70,000 sales return Rs.1,500; discount on purchases Rs. 1,200; cash sales Rs. 43,000; bad debts Rs. 700:A:Rs. 19,200B:Rs. 20,400C:Rs. 63,400D:Rs. 21,900The answer is b. defined & explained in the simplest way possible. Besides giving the explanation of
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