Examkin

Soru

Zorluk: KolayDebtors and Creditors Control Accounts for Missing Figures

The following ledger details were extracted from the single-entry records of Adebayo Traders for the year ended 31 December 2025:

- Opening balance of debtors (1 Jan 2025): ₦15,000
- Cash received from debtors during the year: ₦68,000
- Discount allowed to debtors: ₦2,000
- Bad debts written off: ₦1,500
- Returns inwards: ₦2,500
- Closing balance of debtors (31 Dec 2025): ₦18,000

What is the total amount of credit sales for the year?

Cevap: 77000 ₦

Cevap

₦77,000
Reconstructing the Sales Ledger (Debtors) Control Account shows a total credit side of ₦92,000 (comprising cash received of ₦68,000, discount allowed of ₦2,000, bad debts of ₦1,500, returns inwards of ₦2,500, and closing debtors balance of ₦18,000). Deducting the opening balance of ₦15,000 gives the missing total credit sales figure of ₦77,000.

Adım Adım Çözüm

1
Calculate the total of all credit entries in the Debtors Control Account including the closing balance.
₦68,000 + ₦2,000 + ₦1,500 + ₦2,500 + ₦18,000 = ₦92,000
Cash received, discount allowed, bad debts written off, returns inwards, and closing balance all reduce trade debtors and belong on the credit side of the Debtors Control Account.
2
Subtract the opening debtors balance from the credit side total to derive the missing credit sales figure.
₦92,000 - ₦15,000 = ₦77,000
Credit sales increase trade debtors and represent the debit balancing figure required to equate both sides of the account.

Anahtar Kavram

Debtors Control Account for Missing Figures
Bu soruyu puanla

Konular

Debtors and Creditors Control Accounts for Missing Figures

Bu konudan daha fazla soru