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AccountsJAMB UTME2017

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Earlier discussion

1 older comment kept for context.

Oluwaseun Adeyemi

Dr Total Debtors Control A/c Cr


\(\begin{array}{c|c} \text{bal b/f.....4,000} &amp; \text{Cash received..... 8,500} \\ \hline \text{Credit sales.....6,850} &amp; \text{Bad debt written off.....50} \\ \hline <br/><br/> &amp; \text{Dr. Allowed.....500} \\ \hline &amp; \text{bal c/d.....1,500} \\ \hline 10,850 &amp; 10,850 \\ \hline \text{bal b/d.....1,500} &amp; \end{array}\)


D is correct ₦6850 as the sales for the year accordingly to the above calculations

The total debtors account is meant to control the transactions with customers whether in cash or credits and to know the remaining cash receivables from customers.