Question : In the Balance Sheet, Debtors exist at Rs. 1,00,000 and Provision for Doubtful Debts at Rs. 3000. How much amount will be realised from Debtors, if bad debts are Rs. 20,000 and remaining debtors are realised at a discount of 10%.
Option 1: Rs 76,000
Option 2: Rs 72,000
Option 3: Rs 36,575
Option 4: Rs 79,000
Correct Answer: Rs 72,000
Solution : Answer = Rs 72,000
Hence, the correct option is 2.
Question : In the Balance sheet, Debtors exist at Rs.50,000 and Provision for Doubtful Debts at Rs.1,500. How much amount will be realised from Debtors, if bad debts are Rs.10,000 and remaining debtors are realised at a discount of 5%.
Question : In the Balance Sheet, Total Debtors appear at Rs.5, 00,000 and Provision for Doubtful Debts appears at Rs. 1,50,00. How much amount will be realised from Debtors if bad debts amount to Rs. 1,00,000 and remaining debtors are realised at a discount of 5%?
Question : On dissolution of a firm, debtors Rs. 34,000 were shown in the Balance Sheet. Out of this, Rs. 4000 became bad. One debtor became insolvent. 70% was recovered from him out of Rs.10,000 Full amount was recovered from the balance debtors. On account of this item, the loss in the
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