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plz solve this question asap!

 
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plz solve this question asap!
kamranACA
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#7
04-12-2007, 07:43 PM
Q6On 1 oct 2002,the debtors balance at G ltd was 80,000.a summary of the transactions in the month of oct is set out below
Cheques received $100,000
Contra creditors 6,000
Sales 90,000
Returns inwards 4,000
Discounts allowed 10,000
The debtors balance at 31 oct was?

SUGGESTED ANSWER

Opening balance = 80,000$
Add
Sales net of sales return {90,000-4000) = 86,000$

Less

Cheques received = 100,000$
Contra creditors = 6,000$
Discount allowed = 10,000$

=

Closing balance of debtors as at 31 October = 50,000$

THE CLOSING DEBTORS WOULD BE OF 50,000$.
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Messages In This Thread
plz solve this question asap! - by darenatto - 04-11-2007, 03:52 AM
[No subject] - by kamranACA - 04-12-2007, 06:50 PM
[No subject] - by kamranACA - 04-12-2007, 07:08 PM
[No subject] - by kamranACA - 04-12-2007, 07:17 PM
[No subject] - by kamranACA - 04-12-2007, 07:27 PM
[No subject] - by kamranACA - 04-12-2007, 07:36 PM
[No subject] - by kamranACA - 04-12-2007, 07:43 PM
[No subject] - by kamranACA - 04-12-2007, 07:54 PM
[No subject] - by kamranACA - 04-12-2007, 08:03 PM
[No subject] - by Cool Lioness - 08-02-2007, 10:38 PM
[No subject] - by kamranACA - 08-03-2007, 08:33 PM

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