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Question 13 Chapter No 17 – Class 11 Unimax

Question 13 Chapter No 17 – Class 11 Unimax

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Question 13 Chapter No 17 – Class 11 Unimax

Find out the credit sales from the particulars given below:

 
Balance of debtors on 1st April, 201950,000
Balance of debtors on 31st March, 202040,000
Cash received from debtors2,50,000
Cash returns to debtors6,000
Sales returns18,000
Discount allowed18,000
Bills receivable for debtors10,000
Bills receivable dishonored4,000
Bills receivable dishonored7,000
Bad debts12,000
Bad debts previously written off, now recovered4,000

The solution of Question 13 Chapter No 17 – Class 11 Unimax

Total debtors A/c

Particulars AmountParticulars Amount
To Balance b/d 1-4-2019 By Cash received2,50,000
Opening Debtors50,000By Sales returns18,000
To Cash returns6,000By Discount allowed8,000
To B/R dishonored4,000By B/R received10,000
To Credit sales (Balance figure)2,78,000By Bad debts12,000
  By Balance c/d40,000
 3,38,000 3,38,000

Note: There are some items which do not affect the total debtors account and as such, they are not recorded in the total debtors account. These items may be enumerated as follows:
(1) Cash sales
(2) B/R discounted
(3) Provision for bad & Doubtful debts.
(4) Bad debts previously written off, now recovered:- the amount of such bad debts must have already been creditors to debtors account when these were actually as bad debts previously. Hence, the recovery of such bad debts will not affect the debtors account.
(5) Cash received from B/R

End of Solution


Check Out the Solution of all questions for this chapter:

The solutions to all questions of Chapter 17 – Accounts from Incomplete Records – Single Entry System Unimax – Class 11 are shown as follows, click on the image of the question to get the solution.

1. Comprehensive Solutions for All Chapters of Advanced Accountancy I Class 11 by Unimax

UnimaxSolutions.in offers a comprehensive solution for students studying Advanced Accountancy I Part 1 in Class 11. With their meticulously curated study material, students can access comprehensive solutions to all the questions included within each chapter. By selecting the chapter name from the study material, students can easily navigate through the topics and find detailed explanations and step-by-step solutions to the problems presented in that section. Whether it’s understanding complex accounting concepts, mastering calculation techniques, or analyzing financial statements, Unimax provides a valuable resource to aid students in their learning journey. With these comprehensive solutions at their disposal, students can enhance their understanding, clarify doubts, and improve their problem-solving skills in Advanced Accountancy, ensuring they are well-prepared for their Class 11 examinations.

2. Punjab School Education Board (PSEB) Solutions of Usha Publication.

If you’re a student enrolled in the Punjab School Education Board Class 11, it’s essential to explore a wide range of books to cover the syllabus thoroughly. While the prescribed textbooks are undoubtedly valuable, supplementing your studies with additional resources can enhance your understanding and knowledge. Consider checking out other books that align with the curriculum, offering different perspectives and insights on the subjects you’re studying. These supplementary materials can provide you with alternative explanations, practice questions, and examples that may aid in clarifying complex concepts. Moreover, exploring diverse sources can expose you to a variety of writing styles and viewpoints, fostering a broader understanding of the subjects. So, seize the opportunity to expand your learning by delving into other books that can complement your studies and contribute to your academic growth.

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