Register now or log in to join your professional community.
Opening balance of debtor (dr.) $16500 Cash collection during the year $250 Closing balance of Debtor (dr.) $180 Discount allowed $10 Cheques collection during the year $180 Bill Receivable received during the year. $50 Bad debts written off $2500 Goods return by the customer $30
How can you define the debtor opening balance dr $16,500..
13300
FIFTEEN THOUSAND EIGHT HUNDRAD FIFTY
Hi Sayed,
As per the above data, you asked what is the net credit sales. I think whatever the bill receivable received by you is your net credit sales.
Bill Receivable received during the year. $50
$12,440 I hope i am right
its real figure and that is Debtor opening balance if you can give answer with this data i will very thankful to you
Sorry the question data not real
and there is some thing mistake
because
Opening balance of debtor (dr.) $16500
Cash collection during the year $250
Closing balance of Debtor (dr.) $180
Discount allowed $10
Cheques collection during the year $180
Bill Receivable received during the year. $50
Bad debts written off $2500
Goods return by the customer $30
IF
Opening balance - Closing balance >Cash collection+Cheques collection +Bad debts
16500-180 >250 +180+2500
HOW WE GET SALES
cheque you question again plz
