From the details given below, find out the credit sales and total sales.Opening debtors ....................45,000Closing debtors...................... 56,000Discount allowed................... 2,500Sales returns........................... 8,500Irrecoverable amount............ 4,000Bills receivables received..... 12,000Bills receivable dishonoured..... 3,000Cheque dishonoured............ 7,700Cash sales......................... 80,000Cash received from debtors....................... .2,30,000Cheque received from debtors........................ 25,000
From the details given below, find out the credit sales and total sales.Opening debtors ....................45,000Closing debtors...................... 56,000Discount allowed................... 2,500Sales returns........................... 8,500Irrecoverable amount............ 4,000Bills receivables received..... 12,000Bills receivable dishonoured..... 3,000Cheque dishonoured............ 7,700Cash sales......................... 80,000Cash received from debtors....................... .2,30,000Cheque received from debtors........................ 25,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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From the details given below, find out the credit sales and total sales.
Opening debtors ....................45,000
Closing debtors...................... 56,000
Discount allowed................... 2,500
Sales returns........................... 8,500
Irrecoverable amount............ 4,000
Bills receivables received..... 12,000
Bills receivable dishonoured..... 3,000
Cheque dishonoured............ 7,700
Cash sales......................... 80,000
Cash received from debtors....................... .2,30,000
Cheque received from debtors........................ 25,000
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