INTERVIEW QUESTIONS ACCOUNTING PROCESS SUBSIDIARY BOOKS DETAILS

Question: The balance of Sales Day Book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount? a) Rs. 25,000 b) Rs. 5,000 c) Rs. 20,000 d) Rs. 10,000

Answer: (a) Rs. 25,000
Description: Sales day book records the credit sales of the business. When some amount is recovered from debtors, the following journal entry is made:
Cash A/c Dr.
To Debtors A/c
Amount recovered from debtors does not effect the Sales Day Book hence the amount of Rs. 25,000 shall be transferred from sales day book. Rs. 5,000 recovered from debtors will not effect the Sales Day Book.

(a) Rs. 25,000
Description: Sales day book records the credit sales of the business. When some amount is recovered from debtors, the following journal entry is made:
Cash A/c Dr.
To Debtors A/c
Amount recovered from debtors does not effect the Sales Day Book hence the amount of Rs. 25,000 shall be transferred from sales day book. Rs. 5,000 recovered from debtors will not effect the Sales Day Book. Source: CoolInterview.com

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