Find out the collection from debtors from the following detailsOpening DebtorsOpening Bank BalanceClosing DebtorsClosing Bank BalancePayments to CreditorsCredit SalesBills Receivable EncashedBills Payable PaidDrawingsExpenses PaidDiscount Allowed₹34,0008,00046,00014,0001,60,0002,37,00018,00012,00024,00036,0005,000

Collection from debtors would increase cash inflow and reduce the amount of debtors. Collection from…

pening Debtors pening Bank Balance osing Debtors osing Bank Balance ayments to Creditors redit Sales Is Receivable Encashed Is Payable Paid awings penses Paid scount Allowed 34,000 8,000 46,000 14,000 1,60,000 2,37,000 18,000 12,000 24,000 36,000 5,000

pening Debtors pening Bank Balance osing Debtors osing Bank Balance ayments to Creditors redit Sales Is Receivable Encashed Is Payable Paid awings penses Paid scount Allowed 34,000 8,000 46,000 14,000 1,60,000 2,37,000 18,000 12,000 24,000 36,000 5,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Find out the collection from debtors from the following details
Opening Debtors
Opening Bank Balance
Closing Debtors
Closing Bank Balance
Payments to Creditors
Credit Sales
Bills Receivable Encashed
Bills Payable Paid
Drawings
Expenses Paid
Discount Allowed
₹
34,000
8,000
46,000
14,000
1,60,000
2,37,000
18,000
12,000
24,000
36,000
5,000

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