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2. Calculate Total Sales from the …

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2. Calculate Total Sales from the following information: B/R as on 1.04.2018-Rs.17,800 Debtors on 1.04.2018-Rs.40,800 B/R as on 31.03.2019-Rs.16,000 Debtors on 31.03.2019-Rs.35,500 Cash received on maturity of B/R during the year-Rs. 30,900 Cash received from debtors-Rs.1,00,000 Bad debts written off-Rs.6,800 Returns inward- Rs.3,700 , Bills Receivable dishonoured –Rs.10,800 Cash sales during the year-Rs.30,000.

Posted by Nafisa Jalali 5 years, 6 months ago

CBSE > Class 12 > Accountancy

1 answers

Nikhil Goyal 5 years, 6 months ago

Answer Should be Rs. 164300/-

Cash Sales =30000/- (given)

Credit Sales= Rs. 134300/-

Total bills recieved by Debtors= 30900+10800+16000-17800=39900

Credit Sales= Bills Received 39900+ Sale Return(3700)+ Bad Debts 6800+ Cash Received 100000+Closing Balance 35500-Opening Balance 40800- Bills Dishonoured 10800=134300

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