Find out the Credit Sales from the particulars given below:
Debtors as on 1st April, 2022.
Debtors as on 31st March, 2023.
Cash received from debtors
Cash returned to debtors
Sales returns
Discount allowed.
B/R received from debtors a
B/R dishonored
B/R discounted
Bad debts
Bad debts recovered
Solution
To find out the Credit Sales, we need to consider the changes in the Debtors' account during the given period. Here's how we can calculate the Credit Sales based on the provided particulars:
Credit Sales = Opening Debtors + Cash received from debtors - Cash returned to debtors - Sales returns - Discount allowed + B/R received from debtors - B/R dishonored - B/R discounted - Bad debts + Bad debts recovered - Closing Debtors
Let's assume the values for each particular as follows:
1. Opening Debtors as on 1st April 2022 = X
2. Debtors as on 31st March 2023 = Y
3. Cash received from debtors = A
4. Cash returned to debtors = B
5. Sales returns = C
6. Discount allowed = D
7. B/R (Bills Receivable) received from debtors = E
8. B/R dishonored = F
9. B/R discounted = G
10. Bad debts = H
11. Bad debts recovered = I
Now, we can calculate the Credit Sales as:
Credit Sales = X + A - B - C - D + E - F - G - H + I - Y
Please substitute the values you have for each particular to get the Credit Sales amount.
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