CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Preparing CFS-Direct Method

If Sandeep so...

Question

If Sandeep sold goods for Cash, it will be recorded in _____________.

A

Sales Book

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Cash Book

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

None of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Both of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B Cash Book
As cash is involved in this transaction therefore, it will be recorded in cash book.

Suggest Corrections

thumbs-up

0

Similar questions

31 s t M a r c h

, goods sold at a sale price of

R s . 30, 000

were lying with customer, Mohan to whom these goods were sold on 'sale or return basis' and recorded as actual sales. Since no consent was received from Mohan, the adjustment entry was made presuming goods were sent on approval at a profit of cost plus

20

%. In the balance sheet, the stock with customers account will be shown at _________.

Q. A bookcase is sold for 800 rupees on 33.33% discount. Calculate its marked price (in rupees).

Q. On 31st March, goods sold at a sale price of Rs. 30,000 were lying with customer, Mohan to whom these goods were sold on 'sale or return basis' and recorded as actual sales. Since no consent was received from Mohan, the adjustment entry was made presuming goods were sent on approval at a profit of cost plus 20%. In the balance sheet, the stock with customers account will be shown at Rs_________.

Q. A sale of goods of vidhya for cash should be debited to ______________.

Q. A sale of goods to Vaibhav for cash should be debited to ___________.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Cash Flow Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Preparing CFS-Direct Method

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon