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Given opening account receivables of Tk 11,500. Sales Tk 48,000 and receipts from debtors Tk 45,000, the closing accounts receivables total should be-

Answer: B) Tk 14,500

  1. A) Tk 8,500
  2. B) Tk 14,500
  3. C) Tk 18,500
  4. D) Tk 83,500

Explanation

B) Tk 14,500. What customers owe goes up with credit sales and down with cash collected from them. Closing balance = opening + sales − receipts = 11,500 + 48,000 − 45,000 = 14,500. This treats all Tk 48,000 of sales as credit sales, which the question implies.

Asked in: TGTDCL 2021

Topic: Arithmetic