Calculate sale: Opening Debtors:5000 Opening bill receivable:2000 Closing bill receivable:1000 Closing debtors:8000 Cash received from debtors:10000(including bill receivable)?

Question

Calculate sale: Opening Debtors:5000  Opening bill receivable:2000 Closing bill receivable:1000 Closing debtors:8000 Cash received from debtors:10000(including bill receivable)?

Answer

Sale =(Closing trade receivable + Cash received) - Opening trade receivable
= (1000 + 8000) + 10000 - (5000 + 2000)
= 9000 + 10000 - 7000
= 19000 - 7000
= 12000

Answer

Calculation of Sale

Given Data:

Opening Debtors: 5000

Opening Bill Receivable: 2000

Closing Bill Receivable: 1000

Closing Debtors: 8000

Cash Received from Debtors: 10000 (including Bill Receivable)

Calculation:

We can calculate the sale by adding the total amount of cash received from debtors to the closing balance of debtors and subtracting the opening balance of debtors and bill receivable from it.

Sale = Cash Received from Debtors + Closing Debtors - Opening Debtors - Opening Bill Receivable - Closing Bill Receivable

Substituting the given values, we get:

Sale = 10000 + 8000 - 5000 - 2000 - 1000

Sale = 12000

Therefore, the sale for the given data is 12000.

Explanation:

Sale is the total income generated by a business during a specific period. It is calculated by adding all the cash received from customers and subtracting the opening and closing balances of debtors and bill receivable.

In this case, the opening balance of debtors and bill receivable is 5000 and 2000 respectively. The closing balance of debtors and bill receivable is 8000 and 1000 respectively. The cash received from debtors is 10000, which includes the bill receivable.

Using the formula, we can calculate the sale as 12000.

This calculation helps a business in determining its revenue and profitability. It also helps in analyzing the cash flow and managing the working capital efficiently.

Answer

Step by step answer

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