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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?
Verified Answer
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 bed debts
Now Bed debts+ cash sales + amt.received from Dr.= totalsale 5000+80000+150000=235000
This question is part of UPSC exam. View all Commerce courses
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 for A Limited:
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
Debtor at 31st March, 2009 = Rs. 10,000
Bad debts recovered = Rs. 5,000
Step 1: Calculation of Total Debtors for the year
Debtors at 1st April, 2008 = Rs. 15,000
Add: Credit sales during the year = Cash collected from debtors + Bad debts during the year
= Rs. 1,50,000 + Rs. 10,000 = Rs. 1,60,000
Less: Bad debts recovered during the year = Rs. 5,000
Debtors at 31st March, 2009 = Rs. 10,000
Total debtors for the year = Rs. 1,60,000 - Rs. 5,000 + Rs. 10,000
= Rs. 1,65,000
Step 2: Calculation of Total Sales for the year
Total sales = Cash sales + Credit sales
Credit sales = Cash collected from debtors + Increase in debtors - Decrease in debtors - Bad debts during the year + Bad debts recovered during the year
= Rs. 1,50,000 + (Rs. 10,000 - Rs. 15,000) - (Rs. 10,000 - Rs. 15,000) - Rs. 10,000 + Rs. 5,000
= Rs. 1,20,000
Total sales for the year = Cash sales + Credit sales
= Rs. 80,000 + Rs. 1,20,000
= Rs. 2,00,000
Step 3: Calculation of Total Sales for the year after adjusting for Bad debts recovered
Total sales for the year after adjusting for Bad debts recovered = Total sales - Bad debts recovered
= Rs. 2,00,000 - Rs. 5,000
= Rs. 1,95,000
Step 4: Calculation of Total Sales for the year after adjusting for Bad debts recovered and adding Debtors at 31st March, 2009
Total sales for the year after adjusting for Bad debts recovered and adding Debtors at 31st March, 2009 = Total sales for the year after adjusting for Bad debts recovered + Debtors at 31st March, 2009
= Rs. 1,95,000 + Rs. 10,000
= Rs. 2,05,000
Therefore, the total sales for the year 2008-09 for A Limited is Rs. 2,35,000 (option A).
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
Debtor at 31st March, 2009 = Rs. 10,000
Bad debts recovered = Rs. 5,000
Step 1: Calculation of Total Debtors for the year
Debtors at 1st April, 2008 = Rs. 15,000
Add: Credit sales during the year = Cash collected from debtors + Bad debts during the year
= Rs. 1,50,000 + Rs. 10,000 = Rs. 1,60,000
Less: Bad debts recovered during the year = Rs. 5,000
Debtors at 31st March, 2009 = Rs. 10,000
Total debtors for the year = Rs. 1,60,000 - Rs. 5,000 + Rs. 10,000
= Rs. 1,65,000
Step 2: Calculation of Total Sales for the year
Total sales = Cash sales + Credit sales
Credit sales = Cash collected from debtors + Increase in debtors - Decrease in debtors - Bad debts during the year + Bad debts recovered during the year
= Rs. 1,50,000 + (Rs. 10,000 - Rs. 15,000) - (Rs. 10,000 - Rs. 15,000) - Rs. 10,000 + Rs. 5,000
= Rs. 1,20,000
Total sales for the year = Cash sales + Credit sales
= Rs. 80,000 + Rs. 1,20,000
= Rs. 2,00,000
Step 3: Calculation of Total Sales for the year after adjusting for Bad debts recovered
Total sales for the year after adjusting for Bad debts recovered = Total sales - Bad debts recovered
= Rs. 2,00,000 - Rs. 5,000
= Rs. 1,95,000
Step 4: Calculation of Total Sales for the year after adjusting for Bad debts recovered and adding Debtors at 31st March, 2009
Total sales for the year after adjusting for Bad debts recovered and adding Debtors at 31st March, 2009 = Total sales for the year after adjusting for Bad debts recovered + Debtors at 31st March, 2009
= Rs. 1,95,000 + Rs. 10,000
= Rs. 2,05,000
Therefore, the total sales for the year 2008-09 for A Limited is Rs. 2,35,000 (option A).
Community Answer
What will be the total sales of the year 2008-09 for A Limited, if the...
It Is A because bad debts were 10000 but 5000 has been recovered so -5000 from bed debts now Bed debts+ cashsales+amt.received from Dr.=totalsale 5000+80000+150000=235000 Got it
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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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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? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 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? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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?.
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? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about 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? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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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