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A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer?.

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Here you can find the meaning of A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A company sends its cars to dealers on ‘sale or return’ basis. All such transactions are however treated like actual sales and are passed through the sales day book. Just before the end of the financial year, two cars which had cost Rs. 55,000 each have been sent on ‘sale or return’ and have been debited to customers at Rs. 75,000 each, cost of goods lying with the customers will bea)Rs. 1,10,000b)Rs. 55,000.c)Rs. 75,000d)None of the above.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.