In the balance sheet Total Debtors appear at Rs. 1,50,000 and provision for doubtful debts appear at Rs. 1,500. How much amount will be realised from - Accountancy MCQ CUET Accountancy 2022 20 July Shift 1 2026 | ExamTest.live

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In the balance sheet Total Debtors appear at Rs. 1,50,000 and provision for doubtful debts appear at Rs. 1,500. How much amount will be realised from debtors, if bad debts amounted to Rs. 20,000 and remaining debtors realised at a discount of 15%?

Solution & Step-by-step Explanation

Total Debtors = Rs. 1,50,000.Bad debts = Rs. 20,000.Remaining good debtors = 1, 50, 000 - 20, 000 = 1, 30, 000 .Discount allowed on remaining = 15% of 1, 30, 000 = 19, 500 .Amount realised = 1, 30, 000 - 19, 500 = Rs. 1, 10, 500 .(Provision for doubtful debts is ignored while calculating realizations on dissolution as it is transferred to the credit side of Realisation A/c separately).

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In the balance sheet Total Debtors appear at Rs. 1,50,000 and provision for doubtful debts appear at Rs. 1,500. How much amount will be realised from debtors, if bad debts amounted to Rs. 20,000 and remaining debtors realised at a discount of 15%?

Rs. 1,27,500

Rs. 1,10,500

Rs. 1,20,075

Rs. 19,500

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