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%?

Option 1: Rs 3,80,000

Option 2: Rs 3,65,000

Option 3: Rs 3,65,750

Option 4: Rs 3,95,000


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: Rs 3,80,000


Solution : Answer = Rs 3,80,000.

Debtors 5,00,000
(-)Bad debts (1,00,000)
4,00,000
(-)5% discount 20,000
3,80,000

Hence, the correct option is 1.

Related Questions

Shiv Nadar University B.Des A...
Apply
An Institution of Eminence | Highest CTC 58.09 LPA
JD Institute of Fashion Techn...
Apply
100% Placement Assistance | Strong Alumni Network
JD Institute of Fashion Techn...
Apply
100% Placement Assistance | Strong Alumni Network
CEPT University, Ahmedabad De...
Apply
Top Recruiters: Tata, KPMG, Deloitte | Rated 5 stars by GSRIF rankings and Ranked 4th in University Category
VIT Vellore B.Des. Admissions...
Apply
Admissions open for B.Des (Industrial Design), B.Sc (Fashion Design) & B.Sc (Multimedia and Animation) at VIT’s Vellore and Chennai campuses.
Amity University, B.Design Ad...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books