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Question

XY Associates Trial balance as on 31-3-2013 shows the balance of Sales A/c as Rs. 1,85,000. While checking the books of account the following discrepancies were noticed.
(a) A sales of Rs.2,560 was recorded in the sales day book as Rs,650
(b) Total of sales day book for the month of May 2012 was short by Rs.2,000.
(c) Sales includes sales proceed of dead stock sold Rs.6,000
From the above details, calculate the actual sales to be shown in Trading A/c .

A
Rs.1,80,000
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B
Rs.1,82,910
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C
Rs.1,79,290
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D
Rs.1,81,690
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Solution

The correct option is B Rs.1,82,910
Solution to the given issues is as under:

Balance of Sales Account Rs.185000
Add: Short sales recorded (Rs.2560 - Rs.650) Rs. 1910
Add: Total of Sales day book short in May Rs. 2000
--------------------
Rs.188910
Less: Sales proceed of dead stock Rs. 6000
--------------------
Sales to be shown in Trading Account Rs.182910
-------------------

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