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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 19th Jan, 2024
Answer (1)
Team Careers360 20th 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.

 

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