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Debtors given in the balance sheet ?17,000. In additional information bad debts of ?2,000 given and it is also given that debtors have paid their money in full and final settlement after 10% discount. How much amount is received from debtors?
  • a)
    15,000
  • b)
    17,000
  • c)
    15,300
  • d)
    13,500
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Debtors given in the balance sheet ?17,000. In additional information ...
Amount received from debtors:
Total amount due ?17,000
Bad debts ?2,000
Final amount received = 17,000 – 2,000 = 15,000 – 10% = 13,500
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Most Upvoted Answer
Debtors given in the balance sheet ?17,000. In additional information ...
Given:
- Debtors in balance sheet: ?17,000
- Bad debts: ?2,000
- Debtors paid in full and final settlement after 10% discount

To find out: Amount received from debtors

Calculation:
1. Adjusting for bad debts:
Debtors - Bad debts = ?17,000 - ?2,000 = ?15,000

2. Applying discount:
Discount = 10% of ?15,000 = ?1,500
Amount received = ?15,000 - ?1,500 = ?13,500

Therefore, the amount received from debtors is ?13,500.

Note: The bad debts are deducted from the debtors to arrive at the net amount due from debtors. The discount is applied to the net amount due to arrive at the amount received.
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Community Answer
Debtors given in the balance sheet ?17,000. In additional information ...
Bad debt are those who will not pay the money in future . so debtors =17000-2000=15000.there is also a discount of 10%. 10%of 15000 is 1500. amount received 15000-1500=13500
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Debtors given in the balance sheet ?17,000. In additional information bad debts of ?2,000 given and it is also given that debtors have paid their money in full and final settlement after 10% discount. How much amount is received from debtors?a)15,000b)17,000c)15,300d)13,500Correct answer is option 'D'. Can you explain this answer?
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Debtors given in the balance sheet ?17,000. In additional information bad debts of ?2,000 given and it is also given that debtors have paid their money in full and final settlement after 10% discount. How much amount is received from debtors?a)15,000b)17,000c)15,300d)13,500Correct 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 Debtors given in the balance sheet ?17,000. In additional information bad debts of ?2,000 given and it is also given that debtors have paid their money in full and final settlement after 10% discount. How much amount is received from debtors?a)15,000b)17,000c)15,300d)13,500Correct 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 Debtors given in the balance sheet ?17,000. In additional information bad debts of ?2,000 given and it is also given that debtors have paid their money in full and final settlement after 10% discount. How much amount is received from debtors?a)15,000b)17,000c)15,300d)13,500Correct answer is option 'D'. Can you explain this answer?.
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