Question16. From the following figures relating Apil 2021, prepare total debtors and total cre accounts. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{3}{|c|}{Rs.} & Rs. \\ \hline Balance, 1st April 2021 & & Bills Payable & 5,000 \\ \hline Total Debtors of & 21,600 & Bills receivable & 4,000 \\ \hline & & Bills receivable & \\ \hline Total Creditors & 8,200 & dishonoured & 500 \\ \hline Credit Purchases & 25,300 & Bad debts written off & 600 \\ \hline Credit Sales & 39,400 & Cash sales & 6,300 \\ \hline Cash paid to customers & 19,100 & Discount received & 900 \\ \hline Cash received from & & & \\ \hline customers & 37,200 & Discount allowed & 1,100 \\ \hline \end{tabular}
Studdy Solution
Calculate the Total Creditors Account:
The closing balance for Total Debtors is Rs. 22,600 and for Total Creditors is Rs. 13,500.
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