Question 33.
Calculate Total Sales from the following information:
Bills Receivables as on 1st April, 2017 – ₹ 7,800
Debtors as on 1st April, 2017 – ₹ 30,800
Cash received on maturity of Bills Receivable during the year – ₹ 20,900
Cash received from Debtors – ₹ 70,000
Bad Debts written off – ₹ 4,800
Returns Inward – ₹ 8,700
Bills Receivable dishonoured – ₹ 1,800
Bills Receivable on 31st March, 2018 – ₹ 6,000
Debtors as on 31st March, 2018 – ₹ 25,500
Cash Sales during the year – ₹ 15,900
Answers
The aggregate sales amounts to Rs 113,200
Explanation:
The sales is computed as :
We have to make the debtor account, which is as:
Debit Side
Balance b/d Rs 30,800
Bills Receivable A/c Rs 1,800
Sales A/c Rs 97,300
Total Rs 129,900
Credit Side
Cash A/c Rs 70,000
Sales Return A/c Rs 8,700
Bad debts A/c Rs 4,800
Bills Receivable A/c Rs 20,900
Balance c/d A/c Rs 25,500
Total Rs 129,900
Computing total sales as:
Total Sales = Cash Sales + Credit Sales
= Rs 15,900 + Rs 97,300
Total Sales = Rs 113,200
Working Note:
Sales = Total of credit side - Total of debit side
= Rs 129,900 - (Rs 30,800 + Rs 1,800)
= Rs 129,000 - Rs 32,600
Sales = Rs 97,300