Rs

Opening balance of debtors

14,00,000

Opening balance of bills receivable

7,00,000

Closing balance of bills receivable

3,50,000

Cheque dishonoured

27,000

Cash received from debtors

10,75,000

Cheque received and deposited in the bank

8,25,000

Discount allowed

37,500

Irrecoverable amount

17,500

Returns inwards

28,000

Bills receivable received from customers

1,05,000

Bills receivable matured

2,80,000

Bills discounted

65,000

Bills endorsed to creditors

70,000