Question

18. From the following information, calculate the amount of sundry debtors as on 31st March, 22
Balance as on 1st April, 2018 is 50,000.
Bad debts are 2% and discount to the customers is given @ 1% of the opening balance of
debtors.
Returns from customers are 3,000.
Cash received from debtors is 2,30,000. Cash received from debtors in transit is 14,000
Cash sales are 5,00,000.
Credit sales are 2.50,000.
[C.A., IPCE (May) '10 ​

Answer 1

Answer:

   Particulars             Amount                       Particulars                     Amount

To Balance b/d           50000                   By Discount Allowed            500

To Sales                      250000                 By Return Inwards               3000

                                                                   By Cash                             230000

                                                                   By Bad Debts                      1050

                                                                   By Balance c/d                   65450

                                 300000                                                             300000