|
INTERVIEW QUESTIONS
ACCOUNTING PROCESS
LEDGERS
DETAILS
Question: Cash Sales Rs. 50,000 Cash collected from Debtors Rs. 1,30,000 Bad debts during the year Rs. 5,000 Debtors at beginning Rs. 10,000 Total Sales will be: a) Rs. 1,75,000 b) Rs. 1,70,000 c) Rs. 1,80,000 d) Rs. 1,78,000
Answer: (a) Rs. 1,75,000 Description: Total Sales= Cash Sales+ Credit Sales Credit Sales= 1,30,000+ 5,000- 10,000 = Rs. 1,25,000 Total Sales= 50,000+ 1,25,000 =Rs. 1,75,000
|
|
|
Category |
Ledgers Interview Questions & Answers -
Exam Mode /
Learning Mode
|
Rating |
(0.3) By 7817 users |
Added on |
8/4/2016 |
Views |
71265 |
Rate it! |
|
|
Question:
Cash Sales Rs. 50,000 Cash collected from Debtors Rs. 1,30,000 Bad debts during the year Rs. 5,000 Debtors at beginning Rs. 10,000 Total Sales will be: a) Rs. 1,75,000 b) Rs. 1,70,000 c) Rs. 1,80,000 d) Rs. 1,78,000
Answer:
(a) Rs. 1,75,000 Description: Total Sales= Cash Sales+ Credit Sales Credit Sales= 1,30,000+ 5,000- 10,000 = Rs. 1,25,000 Total Sales= 50,000+ 1,25,000 =Rs. 1,75,000 Source: CoolInterview.com
If you have the better answer, then send it to us. We will display your answer after the approval.
Rules to Post Answers in CoolInterview.com:-
- There should not be any Spelling Mistakes.
- There should not be any Gramatical Errors.
- Answers must not contain any bad words.
- Answers should not be the repeat of same answer, already approved.
- Answer should be complete in itself.
|
|
Related Questions |
View Answer |
|
Discount Account will always have: (a) Only Debit balance (b) Only Credit balance (c) Neither Debit nor Credit balance (d) Debit or Credit balance
|
View Answer
|
|
The miscellaneous expenses account is likely to have:
a) Only debit entries
b) Only credit entries
c) Both of the above
d) Initially only debit entries and subsequently credit entries
|
View Answer
|
|
Ledger records transaction in:
a) A chronological order
b) Analytical order
c) Both of the above
d) None
|
View Answer
|
|
The process of transferring the transactions related to the debit and credit items from journal to classified accounts in the ledger is known as:-
(a) Account (b) Ledger (c) Journal (d) Posting
|
View Answer
|
|
Which of the following accounts may have a debit or a credit balance?
a) Partner's Current A/c
b) Purchase A/c
c) Commission (Recd) A/c
d) None
|
View Answer
|
|
Ledger Book is popularly known as:
a) Secondary books of accounts
b) Principal books of accounts
c) Subsidiary books of accounts
d) None
|
View Answer
|
Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.
View All Ledgers Interview Questions & Answers - Exam Mode /
Learning Mode
|