Multiple Choice Questions on In the Balance Sheet Total Debtors appear at Rs50 000 and Provision for Doubtful Debts appear at Rs1........... for Commerce 12th Preparation

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Multiple Choice Questions

In the Balance Sheet Total Debtors appear at Rs50 000 and Provision for Doubtful Debts appear at Rs1...........

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    In the Balance Sheet Total Debtors appear at Rs50,000 and Provision for Doubtful Debts appear at Rs1,500. How much amount will be realised from Debtors, if bad debts amount to Rs10,000 and remaining debtors are realised at a discount of 5%

    Rs38,000

    Correct Answer

    Rs36,500

    Incorrect Answer

    Rs36,575

    Incorrect Answer

    Rs39,500

    Incorrect Answer
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    Explanation:

    - Total Debtors: Rs50,000

    - Provision for Doubtful Debts: Rs1,500

    - Bad Debts: Rs10,000

    - These are subtracted directly from the total debtors.

    - Remaining debtors = Rs50,000 - Rs10,000 = Rs40,000.

    - Realisation at a Discount of 5%:

    - Calculate the discount on Rs40,000: Rs40,000 x 5% = Rs2,000.

    - Realised amount from debtors = Rs40,000 - Rs2,000 = Rs38,000.

    - Option 1: Rs38,000

    - Option 2: Rs36,500

    - Option 3: Rs36,575

    - Option 4: Rs39,500

    By: santosh
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