On 1-4-2021 the balance in the Bills Receivable Account of a firm was ₹10,000 and on 31-3-2022 it was ₹8,000. During the year, bills receivable of ₹4,000 were dishonoured and bills receivable of ₹24,000 were honoured. What is the amount of bills receivables received during the year?

Correct option is D

Opening+Bills Received−Bills Honoured−Bills Dishonoured=Closing
10,000+x-24,000-4,000=8,000 10,000+x-28,000=8,000 x-18,000=8,000 x=26,000 Bills received during the year = ₹26,000.