Credit sales can be obtained by preparing:

Cash book

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Statement of affairs

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Debtors account

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Creditors account

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Solution

The correct option is C
Debtors account

Credit sales can be obtained by preparing debtors account.

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Similar questions

On scrutiny of the books of account, accountant found that, purchase return of Rs 1000 was omitted to be entered in the books of a/c. What shall be the rectifying entry for the same error.

Q. From the following records kept on single entry basis, prepare final accounts assuming that ratio of gross profit to sales is 25%:

	1-1-2018	31-12-2018
	₹	₹
Cash at Bank	1,400	1,800
Debtors	?	2,400
Stock	?	1,700
Fixed Assets	10,000	10,000
Creditors	1,600	?
Loan	1,000	800

Transactions during the year 2018:

	₹
Collections from debtors	9,300
Cash Sales	1,000
Credit Sales	9,000
Payment to Creditors	6,100
Cash Purchase	1,600
Credit Purchase	6,400
Drawings	1,000
Business Expenses	1,000
Discount Received	200
Discount Allowed	100

Q. Credit Sales can be obtained by preparing .

Explain how the following may be ascertained from incomplete records

(a) Opening capital and closing capital

(b) Credit sales and credit purchases

(d) Closing balance of cash

Q. Which preparing accounts from incomplete records, the amount of credit sales is determined by?

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Credit sales can be obtained by preparing:

The correct option is C Debtors account Credit sales can be obtained by preparing debtors account.

The correct option is C
Debtors account

Credit sales can be obtained by preparing debtors account.