CA Foundation

If the price decreases from 80 to 60 and elasticity of demand is 1.25 then?

Shubha .k answered  •  2 hours ago
If the elasticity is more than 1 , the demand is said to be elastic!!

 The debit note issued are used to prepare
  • a)
    Sales return book
  • b)
    Purchase Return Book
  • c)
    Sales book
  • d)
    Purchases book
Correct answer is option 'B'. Can you explain this answer?

Aman Kejriwal answered  •  8 hours ago
Debit note is prepared when materials are returned to the supplier informing him that his account has been debited. So Debit note is used to record transactions in the purchase return book.

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