Page 10 - Chapter-11.pmd

446 Accountancy

Total Debtors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
Balance b/d .... Cash ....
(cash received)
Bank (cheque
received)
Bills receivable .... Discount allowed ....
(bills dishonoured)
Bank (cheque .... Bad debts ....
dishonoured)
Credit sales .... Sales return ....
(balancing figure)
Bills receivable ....
(bills received)
Balance c/d ....
xxx xxx

Fig. 11.5 : Showing format of debtors account
From the credit sales as ascertained from total debtors account, the sales returns should
be deducted from gross credit sales to get net credit sales. For example, the following
information is obtained from the books of Mohanlal Traders :
Rs.
Debtors on April 01, 2013 50,000
Debtors on March 31, 2014 70,000
Cash received from debtors 60,000
Discount allowed 1,000
Bills receivable 30,000
Bad debts 3,000
The total debtors account will be prepared as follows :

Mohan Lal Traders
Total Debtors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
2013
Apr. 01 Balance b/d 50,000 Cash 60,000
Credit sales 1,14,000 Discount 1,000
(balancing figure) Bills receivable 30,000
2014 Bad debts 3,000
Mar. 31 Balance c/d 70,000
1,64,000 1,64,000

2015-16