McqMate
Sign In
Hamberger menu
McqMate
Sign in
Sign up
Home
Forum
Search
Ask a Question
Sign In
McqMate Copyright © 2024
→
Bachelor of Business Administration (BBA...
→
Fundamentals of Accounting
→
………………………….denote goods brought for sale...
Q.
………………………….denote goods brought for sale.
A.
Sale
B.
Expense
C.
Purchase
D.
Revenue
Answer» C. Purchase
4.5k
0
Do you find this helpful?
29
View all MCQs in
Fundamentals of Accounting
Discussion
No comments yet
Login to comment
Related MCQs
X of Delhi send out certain goods at cost + 25% of cost. Invoice value of goods is 1,20,000. 4/5th of the goods were sold by consignee at 1,00,000. Commission @ 2% up to invoice value and 10% of any surplus above invoice. The amount of commission will be
A purchased goods costing 2,60,000 for joint venture with B. B sold a major part of the goods at cost plus 25% on cost, for 2,50,000. Balance of goods were taken over by B at cost less 10%. Find out profit/loss on Joint Venture.
Trade discount is allowed at the time of sale of goods.
A sale of goods to Laxman for cash should be debited to
In a joint venture X and Y sharing p rofit and loss equally, X purchased goods costing of 40,000 and Y sold the goods for 50,000. X is entitled to get 1% commission on purchase and Y is entitled to get 5% commission on sales, the profit will be
If X co-venture takes away of goods under memorandum Joint Venture Method then he will debit these goods in his books to
X sends out goods to Y, costing 3,60,000. Goods are to be sold at cost plus 25% on sales. The consignor asked consignee to pay an advance for an amount equivalent to 60% of sales value. The amount of advance will be
X sends out certain goods to Y, costing 1,50,000 at cost plus 25% on invoice price. ¾ of the goods were sold by R at 1,76,000. Commission 5% upto invoice value a nd 10% of any surplus above invoice value. The amount of commission will be
Goods bought for 25,000 passed through sales day book will result in
A debit note issued to a creditor for goods returned is to be recorded in the