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Sales/Revenue

The following...

Question

The following are the transactions in a company during the year:
1. Sale of goods worth (including profit) Rs 10,00,000 to single customer who did not pay money till the end of the year
2. Cash sales to other customers Rs 24,00,000

What shall be the revenue of the business for this particular year?

A

34,55,000

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B

33,80,000

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C

33,05,000

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D

34,00,000

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Solution

The correct option is D
34,00,000

Revenue = 34,00,000

Credit Sales 10,00,000

Add:Cash Sales 24,00,000

Revenue 34,00,000

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