Sale of goods to Ram for Cash $R s .1000$ is a ______________.

Cash Transaction

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Credit Transaction

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Barter System

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Internal Event

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Solution

The correct option is A Cash Transaction
The transaction which involves immediate payment of cash is known as cash transaction. For e.g., Sale of goods to Ram for Cash Rs. 1,000. In this transaction goods are sold to Ram when he paid Rs. 1,000 cash.

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Similar questions

Q. Returns of goods sold for cash Rs. 500 to Ram are recorded in ______.

State which fo the following would result in inflow/outflow of Cash or Cash Equivalents:
(i) Purchase of Inventory for cash.
(ii) Purchase of goods on credit.
(iii) Sale of Goods costing Rs. 10,000 for Rs. 12,000 for cash.
(iv) Sale fo Goods on Credit.
(v) Purchase of a fixed asset by issue of shares.

Cash sales to Ram amounting Rs 1000 was recorded as a sale of Rs 100 by mistake. Which of the following is correct with regards to rectification of this mistake?

Q. Journalise the following transaction:
Purchased goods for Cash Rs. 55,000 from Ram, Delhi.

Prepare Single Column Cash Book of Vinod from the following transactions:

Aug.1 Business started with cash Rs.10,000.

Aug.2 Purchased goods for cash Rs.6,000.

Aug.5 Purchased furniture for office use Rs.1,000.

Aug.7 Goods sold for cash Rs.4,000.

Aug.9 Goods purchases from Ram on credit Rs.4,000.

Aug.10 Commission received Rs.500.

Aug.15 Paid to Ram Rs.2,000.

Aug.18 Goods sold to Hari on credit Rs.5,000.

Aug.24 Received from Hari Rs.4,000.

Aug.28 Stationery purchased Rs.300.

Aug.31 Rent paid Rs.700 and withdrew for personal use Rs.2,800.

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Sale of goods to Ram for Cash Rs.1000 is a ______________.

The correct option is A Cash TransactionThe transaction which involves immediate payment of cash is known as cash transaction. For e.g., Sale of goods to Ram for Cash Rs. 1,000. In this transaction goods are sold to Ram when he paid Rs. 1,000 cash.

Sale of goods to Ram for Cash $R s .1000$ is a ______________.

The correct option is A Cash Transaction
The transaction which involves immediate payment of cash is known as cash transaction. For e.g., Sale of goods to Ram for Cash Rs. 1,000. In this transaction goods are sold to Ram when he paid Rs. 1,000 cash.