Question

5.From the following details, calculate credit sales As on 1st April 2018 Opening Debtors 1,00,000 2,30,000 cash received from debtors 10,000 Discount allowed 1,20.000 sales returns As on 31st march 2019 closing debtors​

Answer 1

Answer:

Credit Sales = Cash Received + Discount Allowed + Closing Debtors - Opening Debtors

= Rs. 7,50,000 + Rs. 50,000 + Rs. 3,00,000 - Rs. 2,50,000 = Rs. 8,50,000.

Answer 2

Answer:

Explanation:

Credit Sales = Cash Received + Discount Allowed + Closing Debtors - Opening Debtors

= Rs. 7,50,000 + Rs. 50,000 + Rs. 3,00,000 - Rs. 2,50,000 = Rs. 8,50,000