If the opening balance of debtors is Rs.16,000 and closing balance is Rs.80,000, cash received from debtors is Rs.35,000 and bad debts is Rs.1,000, then what will be the amount of credit sales?
A) Rs. 95,000
B) Rs. 1,05,000
C) Rs. 1,00,000
D) Rs. 1,10,000
Correct Answer:
Verified
Q15: When goods are invoiced to Branch at
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Q17: Under the stock and debtor system, Branch
Q18: Goods are sent to branch at cost
Q19: When Branch assets a/c is kept in
Q20: Which of the following branches, taking into
Q22: Stock and debtors system is generally used
Q23: Branch stock account is a practical means
Q24: Wholesale prices are fixed above
A)Cost
B)Invoice price
C)Both a
Q25: Goods - in - transit are shown
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