Which of the following is not sale under sale of goods Act, $1930$ ?

Purchase of goods by a partner for firm

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x agree with y to sell future goods

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x sold goods worth Rs.

2000

to y

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x sold building Rs.

100000

to y

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Solution

The correct option is B x agree with y to sell future goods
option b is the correct answer

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Similar questions

Enter the following transactions of M/s Ketan in Purchase Book, Sales Book, Purchase Returns Book and Sales Returns Book.

2011 March
1	Sold goods to Sudha Stores Rs 29,000 at 10% trade discount.
3	Purchased goods from Meghdoot Traders Rs 37,350 and paid carriage Rs 150.
6	Sudha Stores returned goods of Rs 3,220 (Net).
10	Cash purchases Rs 18,600 and Cash Sales Rs 61,000.
13	Jayesh invoiced goods to us as per our order placed on 28th Feb. 2011 Rs 27,000.
17	Sold goods worth Rs 33,400 to Nandini at 10% trade discount.
20	Returned goods to Jayesh Rs 2,850 as they were defective.
22	Credit purchases from Micky Traders Rs 19,450 and they allowed a trade discount of Rs 150.
23	Nandini returned goods of Rs 1,900 (Gross) as they were damaged.
26	Purchased office furniture on credit from Suhani Furniture Mart Rs 55,000.
29	Purchased goods from Garima Stores for Rs 8,000 and sold the same to Anita at 25% profit on cost.
31	Sent a debit note to Micky Traders for Rs 3,200

Q. During a financial year, a shopkeeper purchased goods worth Rs. 4,15,000 and paid a total tax of Rs. 38,000. His sales during this period consisted of a taxable turnover of Rs. 50,000 for goods taxable at 5% and Rs. 3,20,000 for goods taxable at 12%. He also sold tax exempted goods worth Rs. 45,000 during this period. Calculate his tax liability (under VAT) for the financial year.

The Trial Balance shows a difference of Rs 1339 in the debit column and is made to agree by putting this difference against a suspense account later the following errors were discovered, Rectify them and prepare a suspense account.

1) Goods sold to Deepak worth Rs 550 on credit this was recorded in sales but not posted in the ledger to Deepak account.
2) Goods worth Rs 325 were returned by Bhat. The amount was credited to his account but was not entered in the sales Return Book.
3) Nandu paid Rs 760 to us, but their account was credited for Rs 706.
4) Goods worth Rs 225 purchased from Subhash were wrongly entered in the sales Book.
5) An amount of Rs 320 owned by Kishor was omitted from the list of Sundry Debtors.
6) The Purchase Book was overcast by Rs 252.

Pass necessary Journal entries' to rectify the following errors:

(i) Goods returned to Mahima for Rs 5,000, entered into Sales Returns Book.

(ii) Kajol returned goods worth Rs 2,000, entered into Purchase Returns Book.

(iii) A credit purchase of Rs 3,000 from Ravina was recorded through Purchase Returns Book.

(iv) Goods worth Rs 1,160 returned to Karishma, were recorded in Purchase Book as Rs 1,106.

Q. Under the Sale of Goods Act,

1930

, the Seller in a Contract of Sale transfer the ________ in goods to the buyer for a price.

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Which of the following is not sale under sale of goods Act, 1930?

The correct option is B x agree with y to sell future goodsoption b is the correct answer

Which of the following is not sale under sale of goods Act, $1930$ ?

The correct option is B x agree with y to sell future goods
option b is the correct answer