Opening balance of debtors a/c is Rs 1,40,000. Credit sales is Rs 10,74,000 and closing balance of Debtors a/c is Rs 1,90,000. What is the amount of cash collection from the debtors?

Question

Quizplus · Accepted Answer

The cash collection from debtors can be calculated by adding the opening balance of debtors and the credit sales, then subtracting the closing balance of debtors. So, $1,40,000 + 10,74,000 - 1,90,000 = 10,24,000$.

Opening Balance of Debtors A/c Is Rs 1,40,000