Question

Opening and closing balances of debtors are 30,000 & 40,000 respectively. Cash collected from debtors 2,40,000.Discount allowed is 15,000 for prompt payment. Bad debts Rs.10,000. The total goods sold on credit are______a) 2,55,000
b) 2,45,000c) 2,95,000
d) 2,75,000

Answer 1

the total goods sold on credit are d-2,75,000