From the following information prepare the bills receivable account and total debtors account for th...........

Accountancy (11th) Chapter-11 Accounts from Incomplete Records

From the following information, prepare the bills receivable account and total debtors account for the year ended March 31, 2017. (3 marks)

	Rs
Opening balance of debtors	1,80,000
Opening balance of bills receivable	55,000
Cash sales made during the year	95,000
Credit sales made during the year	14,50,000
Return inwards	78,000
Cash received from debtors	10,25,000
Discount allowed to debtors	55,000
Bills receivable endorsed to creditors	60,000
Cash received (bills matured)	80,500
Irrecoverable amount	10,000
Closing balance of bills receivable on March. 31, 2017	75,500