Opening debtor - 15,000
Bad Debts - 14,000
Cash received from debtors - 1,60,000
Closing debtors - 7,000
Cash sales - 20,000
Total sales will be -
Please solve the above problem
DIVYA PINCHA
(ASSISTANT MANAGER:MERCHANT BANKING)
(537 Points)
Replied 05 April 2011
TOTAL SALES:
CASH SALES- 20,000
CREDIT SALES- 1,66,000
TOTAL SALES- 1,86,000
Devendra
(Chartered Accountant)
(4775 Points)
Replied 05 April 2011
DIVYA PINCHA
(ASSISTANT MANAGER:MERCHANT BANKING)
(537 Points)
Replied 05 April 2011
Cash sales cannot come in debtors account......So total sales comes out to be Rs 1,86,000. The entry for Cash sales is Cash a/c Dr to Sales Cr....so where does debtors come..i think Mr devendra u rechech ur answer.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 05 April 2011
Avinash c
(CA - Final)
(83 Points)
Replied 05 April 2011
yes i agree with divya, please find therein the excel sheet as attachment for the detailed answer.
M. N. JHA
(CA)
(8316 Points)
Replied 06 April 2011
CREDIT SALE -166000
TOTAL SALE-186000
AGREE WITH FRIENDS
Future CA
(Student)
(58 Points)
Replied 06 April 2011
| Particulars |
Amount |
Particulars |
Amount |
|---|---|---|---|
| To Balance b/d | 15,000 | By Bad Debts | 14,000 |
|
To Credit Sales(balancing figure) |
1,66,000 | By Cash A/C | 1,60,000 |
| By Balance c/d | 7,000 | ||
| TOTAL |
1,81,000 |
1,81,000 |
Total Sales = Credit Sales + Cash Sales = 1,66,000 + 20,000
=1,86,000
Bhavik Nathwani
(Asst. Accountant)
(40 Points)
Replied 06 April 2011
Prepare Debtor a/c from this you will get credit sale by Rs. 1,66,000/- Now add cash sale by Rs.20,000/- and total sales come to Rs.1,86,000/-
CA.Ramesh Baheti
(Service)
(74 Points)
Replied 06 April 2011
Credit Sales Rs 1.66 L & Cash Sales Rs 20 K total Sales 1.86 L
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