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
Debtors | 1,00,000 |
(-)Bad debts | (20,000) |
80,000 | |
(-)10% discount | (8,000) |
72,000 |
Hence, the correct option is 2.