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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


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Rs 72,000


Solution : Answer = Rs 72,000

Debtors 1,00,000
(-)Bad debts (20,000)
80,000
(-)10% discount (8,000)
72,000

Hence, the correct option is 2.

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