Question

In the Balance Sheet Total Debtors appear at ₹50,000 and Provision for Doubtful Debts appear at ₹1,500. How much amount will be realised from Debtors, if bad debts amount to ₹10,000 and remaining debtors are realised at a discount of 5%
(A) ₹38,000
(B) ₹36,500
(C) ₹36,575
(D) ₹39,500​

Answer 1

Answer:

38000

Explanation:

50,000

-10,000(1500+8500=10,000)

______

40,000

- 2,000(40,000*5%)

______

38,000

Answer 2

Answer:

38000 is the Correct Answer

Explanation:

In Balance Sheet, Total Debtors is Seen in Assets Side as it is a Asset for us and Money will be receiving by us. So if we are Calculating the Realised value of debtors. So there is a formula. The Formula for Calculating the value is Total Debtors- Bad Debts- Discount (If given)

So Realised Debtors= Total Debtors- Bad Debts- Discount given to Debtors
Realised Debtors= 50000- 10000= 40000
How to Calculate Discount
Remaining Debtors * Given Percent
= 40000 * 5/100
= 2000

Realised Debtors= Remaining Debtors- Discount
= 40000-2000
= 38000

So Final Answer is 38000

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