Question

From the following particulars, calculate closing branch debtors balance : Branch Debtors (1.1.2018) 16,300 Credit sales 49,000 Cash received from debtors 51,200.​

Answer 1

ANSWER :

• ❖ If Branch Debtors (01. 01. 2018) is Rs. 16,300, Credit Sales is Rs. 49,000 and Cash Received from Debtors Rs. 51,200; then Closing Branch Debtors Balance is Rs. 14,100.

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SOLUTION :

❒ Given :-

• Branch Debtors on 01. 01. 2018 = Rs. 16,300

• Credit Sales = Rs. 49,000

• Cash Received from Debtors = Rs. 51,200

❒ To Calculate :-

• Closing Branch Debtors Balance = ?

❒ Calculation :-

Here,

• ➺ Opening Branch Debtors = Rs. 16,300

Add : Credit Sales = Rs. 49,000

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• ➺ Total Balance = Rs. 65,300

Less : Cash Received from Debtors = Rs. 51,200

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• ∴ Closing Branch Debtors Balance = Rs. 14,100 ★

Hence,

• The Closing Branch Debtors Balance is Rs. 14,100