Debtors on 01-04-2015 Rs.1,00,000 and on 31-03-2016 is Rs.90,000 cash received from Debtors During the year was Rs.1,60,000 Then credit sales is _________ (a) Rs.2,40,000 (b) Rs.1,50,000 (c) Rs.3,00,000 (d) Rs.1,60,000
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Answer :
(b) 1,50,000 is the right answer
Explanation:
Because debtors amount received is 10000(100000-90000=10000)
and amount received by debtors here is 1,60,000
so remaining amount is 150000
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