Samacheer Kalvi Class 12 Accounts Chapter 1: Accounts from Incomplete Records - Part 3
Chapter 1: Accounts from Incomplete Records
Book Back Sums with Solutions
Question 10:
Find out credit sales from the following information:
Debtors on 1st April 2018: Rs. 100,000;
Cash received from debtors: Rs. 230,000;
Discount allowed: Rs. 5,000;
Returns inward: Rs. 25,000;
Debtors on 31st March 2019: Rs. 120,000.
Answer:
Credit Sales: Rs. 2,80,000.
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Question 11:
From the following details, find out total sales made during the year.
Debtors on 1st January 2018: Rs. 130,000;
Cash received from debtors during the year: Rs. 420,000;
Sales returns: Rs. 35,000;
Bad debts: Rs.15,000;
Debtors on 31st December 2018: Rs. 200,000;
Cash Sales: Rs. 460,000.
Answer:
Credit Sales: Rs. 5,40,000; Total Sales: Rs.10,00,000.
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Question 12:
From the following particulars, prepare the bills receivable amount and compute the bills received from the debtors.
Bills receivable at the beginning of the year: Rs. 140,000;
Bills receivable at the end of the year: Rs. 200,000;
Cash received for bills receivable: Rs. 390,000;
Bills receivable dishonoured: Rs. 30,000;
Answer:
Bills receivable during the year Rs. 4,80,000.
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Question 13:
From the following particulars, calculate total sales.
Debtors on 1st April 2018: Rs.250,000;
Bills receivable dishonored: Rs. 15,000;
Bills receivable on 1st April 2018: Rs. 60,000;
Returns inward: Rs. 50,000;
Cash received from debtors: Rs. 725,000;
Bills receivable on 31st March, 2019: Rs. 90,000;
Cash received for bills receivable: Rs. 160,000;
Sundry debtors on 31st March, 2019: Rs. 240,000;
Bad debts: Rs. 30,000; Cash sales: Rs. 315,000.
Answer:
Bills Receivable during the year: Rs. 2,05,000;
Credit
sales: Rs. 9,85,000; Total sales: Rs.13,00,000.
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Question 14:
From the following details, calculate credit purchases:
Opening creditors: Rs. 170,000
Purchase returns: Rs. 20,000
Cash paid to creditors: Rs. 450,000
Closing creditors: Rs. 190,000.
Answer:
Credit Purchases: Rs. 4,90,000.
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Question 15:
From the following particulars calculate total purchases:
Sundry creditors on 1st January, 2018: Rs. 30,000;
Bills payable on 1st January, 2018: Rs.25,000;
Paid cash to creditors: Rs.120,000;
Paid for bills payable: Rs. 30,000;
Purchase returns: Rs. 15,000;
Cash purchases: Rs.225,000;
Bills payable on 31st December, 2018: Rs. 20,000;
Creditors on 31st December, 2018: Rs. 25,000.
Answer:
Bills Payable Accepted: Rs.25,000;
Credit purchases: Rs. 1,55,000;
Total purchases: Rs. 3,80,000.
Step-by-Step Solutions:
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