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Standard XII

Accountancy

Cash Flow from Investing Activities

A second-hand...

Question

A second-hand car is purchased for Rs. 80,000, the amount of Rs. 1,000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1,500 is paid as dealers commission. The amount debited to car account will be __________.

Rs. 81,000

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Rs. 81,500

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Rs. 80,000

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Rs. 83,000

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Solution

The correct option is A Rs. 83,000
second hand car Rs.80000
add : repairs charges Rs.1000
add : registration charges Rs. 500
add : dealers charges Rs. 1500
so, the amount debited to car account will be Rs.83000

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A second-hand car is purchased for Rs. 80,000, the amount of Rs. 1,000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1,500 is paid as dealers commission. The amount debited to car account will be __________.

The correct option is A Rs. 83,000second hand car Rs.80000add : repairs charges Rs.1000add : registration charges Rs. 500add : dealers charges Rs. 1500so, the amount debited to car account will be Rs.83000

The correct option is A Rs. 83,000
second hand car Rs.80000
add : repairs charges Rs.1000
add : registration charges Rs. 500
add : dealers charges Rs. 1500
so, the amount debited to car account will be Rs.83000