From the following information, prepare the bills receivable account and total debtors account for the year ended
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From the following information, prepare the bills receivable account and total debtors account for the year ended December 31, 2005.
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Opening balance of debtors Opening balance of bills receivable Cash sales made during the year Credit sales made during the year Return inwards Cash received from debtors Discount allowed to debtors Bills receivable endorsed to creditors Cash received (bills matured) Irrecoverable amount Closing balance of bills receivable on Dec. 31, 2005 Rs. 1,80,000 55,000 95,000 14,50,000 78,000 10,25,000 55,000 60,000 80,500 10,000 75,500
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My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
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