Qualification > Commerce

Accounts p1 doubts here!

<< < (6/17) > >>

coco pops:
oct nov 2010 var.2
question 5 please

Dasith:

--- Quote from: coco pops on June 01, 2011, 12:50:45 pm ---oct nov 2010 var.2
question 5 please

--- End quote ---

ok its like this

46000 is opening debtors yea ?

credit sales = 280000 (80% of total sales )
Cash to be recieved = 310,000(without discount* )

*303800/98 x 100 = 310000


so 28000 credit sales were made & we recieve cash of 310000
so debtors are increasd by 280000(credit sales ) & decreased by 310000(cash rec )

so we already had 46000 debtors

46000 + 280000 - 310000 = 16000!
got it ?

Dasith:
or u can of course make a debtors control account to find the closing debtors !
hope u knw wat that is ;) ;D

coco pops:
ya thanks got it

Tohru Kyo Sohma:

--- Quote from: Dasith on May 29, 2011, 01:00:58 pm ---Rest of the answers


9,
here the ans is C !! , lol @ least thats wat i get :S , hmm i got it like
this since the 63000 in control ac is correct & only amount taken to suspence is
wrong> so only suspence shuld be corrected not the control a/c :o
wat did u get ?? as the ans !

--- End quote ---
im doing it now hehe........i have no idea! :(
im flunking

Navigation

[0] Message Index

[#] Next page

[*] Previous page