Total sales during the year amounted to Rs. 1,70,000; Cash sales Rs. 10,000; outstanding detbors at the end of the year Rs. 25,000. Cash received from detbors during the year will be *
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Answer:
Assuming that there are no opening Debtors.
Cash Received from Debtors = Credit sales - Closing Debtors
Credit sales = Total Sales - Cash Sales
= 170000 - 10000 = 160000
Cash Received From Debtors = 160000 - 25000
= 135000
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