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In the Balance Sheet Total Debtors appear at Rs. 50,000 and Provision for Doubtful Debts appear at Rs. 1,500. How much amount will be realised from Debtors, if bad debts amount to Rs. 10,000 and remaining debtors are realised at a discount of 5%.

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Rs. 38,000







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Previous PostIf total assets are Rs. 2,00,000; total liabilities are Rs. 40,000; amount realised on sale of assets is Rs.  1,75,000 and realisation expenses are Rs. 3,000, what will be the profit or loss on realisation?
Next PostThere was a contingent liability for B/R received from Ashok for Rs. 20,000 and discounted with the bank. Ashok became insolvent and 75 paise in a rupee were received from his estate. How much amount will be debited/credited to Realisation Account?

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