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From the following details find out credit sales during the financial year 2010-2011: 

1. Opening balance of sundry debtors on 1.4.10 Rs. 12,000. 

2. Bills receivable accepted by customer Rs. 13,000 

3. Closing balance of Sundry Debtors on 31.3.11 Rs. 14,000. 

4. Cash received from debtors during the year Rs. 38,400

  • a)
    Rs. 39,400

  • b)
    Rs. 27,000

  • c)
    Rs. 65,400

  • d)
    Rs. 53,400

Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
From the following details find out credit sales during the financial ...
Credit Sales=Closing Debtors+Cash Received from Debtors+Bills Receivable−Opening Debtors


Given:



  • Opening balance of Sundry Debtors on 1.4.10 = Rs. 12,000

  • Bills Receivable accepted by customers = Rs. 13,000

  • Closing balance of Sundry Debtors on 31.3.11 = Rs. 14,000

  • Cash received from Debtors during the year = Rs. 38,400



Now, let's calculate:


Credit Sales=14,000+38,400+13,000−12,000


     Credit Sales=53,400


So, the correct answer is:


Option 4: Rs. 53,400
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Most Upvoted Answer
From the following details find out credit sales during the financial ...
Calculation of Credit Sales during the Financial Year 2010-2011

Given details:
- Opening balance of sundry debtors on 1.4.10 = Rs. 12,000
- Bills receivable accepted by customer = Rs. 13,000
- Closing balance of Sundry Debtors on 31.3.11 = Rs. 14,000
- Cash received from debtors during the year = Rs. 38,400

To calculate the credit sales during the financial year 2010-2011, we need to use the following formula:

Credit Sales = Opening balance of sundry debtors + Bills receivable accepted - Closing balance of Sundry Debtors - Cash received from debtors

Substituting the given values in the formula, we get:

Credit Sales = Rs. 12,000 + Rs. 13,000 - Rs. 14,000 - Rs. 38,400
Credit Sales = Rs. 53,400

Therefore, the credit sales during the financial year 2010-2011 was Rs. 53,400.
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Community Answer
From the following details find out credit sales during the financial ...
Credit sale = total credit - total debit
so,
65400-12000=53400
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Read the following hypothetical Case Study and answer the given questions: On 1st January 2017, Pravin sold goods to Navin for ₹1,00,000 received ₹25,000 in cash and drew two bills, first for ₹45,000 and second for ₹30,000 for two months each. Both the bills are duly accepted by Navin. First bill was endorsed to Shobha in settlement of her account of ₹45,500 and second bill was discounted from the Bank @ 12% p.a. On the due date of these bills, both bills were dishonoured. Shobha has paid ₹100 and Bank has paid `80 as Noting charges. Navin paid ₹20,000 and Noting charges in Cash and accepted a new bill for the balance at three months. The interest on balance @ 18% p.a. was paid in cash. The new bill is immediately endorsed to Jayesh. On the due date of the new bill, Navin became insolvent and nothing was recovered from the estate.Q. What will be the journal entry for the bill accepted for the payment to be made to Praveen in the books of Navin?

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From the following details find out credit sales during the financial year 2010-2011:1. Opening balance of sundry debtors on 1.4.10 Rs. 12,000.2. Bills receivable accepted by customer Rs. 13,0003. Closing balance of Sundry Debtors on 31.3.11 Rs. 14,000.4. Cash received from debtors during the year Rs. 38,400a)Rs. 39,400b)Rs. 27,000c)Rs. 65,400d)Rs. 53,400Correct answer is option 'D'. Can you explain this answer?
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From the following details find out credit sales during the financial year 2010-2011:1. Opening balance of sundry debtors on 1.4.10 Rs. 12,000.2. Bills receivable accepted by customer Rs. 13,0003. Closing balance of Sundry Debtors on 31.3.11 Rs. 14,000.4. Cash received from debtors during the year Rs. 38,400a)Rs. 39,400b)Rs. 27,000c)Rs. 65,400d)Rs. 53,400Correct answer is option 'D'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about From the following details find out credit sales during the financial year 2010-2011:1. Opening balance of sundry debtors on 1.4.10 Rs. 12,000.2. Bills receivable accepted by customer Rs. 13,0003. Closing balance of Sundry Debtors on 31.3.11 Rs. 14,000.4. Cash received from debtors during the year Rs. 38,400a)Rs. 39,400b)Rs. 27,000c)Rs. 65,400d)Rs. 53,400Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for From the following details find out credit sales during the financial year 2010-2011:1. Opening balance of sundry debtors on 1.4.10 Rs. 12,000.2. Bills receivable accepted by customer Rs. 13,0003. Closing balance of Sundry Debtors on 31.3.11 Rs. 14,000.4. Cash received from debtors during the year Rs. 38,400a)Rs. 39,400b)Rs. 27,000c)Rs. 65,400d)Rs. 53,400Correct answer is option 'D'. Can you explain this answer?.
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