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In which book of original entry, will you record the following transactions?
Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.
- a)Cash Book
- b)Journal Proper (General Journal)
- c)Sales Book
- d)Bills Receivable Book
Correct answer is option 'C'. Can you explain this answer?
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In which book of original entry, will you record the following transac...
Answer:
The transaction of selling goods on a credit basis to A Brothers for Rs. 1,000 should be recorded in the Sales Book.
The Sales Book is a book of original entry used to record all credit sales made by a business. It is a chronological record of sales transactions and contains detailed information such as the date of sale, name of the customer, description of goods sold, quantity, rate, and total amount.
By recording this transaction in the Sales Book, we ensure that all credit sales are properly recorded and can be easily referred to when needed. This helps in maintaining accurate records, tracking customer balances, and calculating sales figures.
Other options such as the Cash Book, Journal Proper (General Journal), and Bills Receivable Book are not suitable for recording this transaction because:
- The Cash Book is used to record cash transactions, not credit sales.
- The Journal Proper (General Journal) is used for recording non-routine and adjusting entries, not regular sales transactions.
- The Bills Receivable Book is used to record bills received from customers, not credit sales.
Therefore, the appropriate book of original entry to record the transaction of selling goods on a credit basis to A Brothers for Rs. 1,000 is the Sales Book.
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The transaction of selling goods on a credit basis to A Brothers for Rs. 1,000 should be recorded in the Sales Book.
The Sales Book is a book of original entry used to record all credit sales made by a business. It is a chronological record of sales transactions and contains detailed information such as the date of sale, name of the customer, description of goods sold, quantity, rate, and total amount.
By recording this transaction in the Sales Book, we ensure that all credit sales are properly recorded and can be easily referred to when needed. This helps in maintaining accurate records, tracking customer balances, and calculating sales figures.
Other options such as the Cash Book, Journal Proper (General Journal), and Bills Receivable Book are not suitable for recording this transaction because:
- The Cash Book is used to record cash transactions, not credit sales.
- The Journal Proper (General Journal) is used for recording non-routine and adjusting entries, not regular sales transactions.
- The Bills Receivable Book is used to record bills received from customers, not credit sales.
Therefore, the appropriate book of original entry to record the transaction of selling goods on a credit basis to A Brothers for Rs. 1,000 is the Sales Book.
Most Upvoted Answer
In which book of original entry, will you record the following transac...
That entry we will record in sales book because it is an credit sales of goods.
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In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer?
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In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer?.
In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer?.
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In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of In which book of original entry, will you record the following transactions?Q.Goods were sold on credit basis to A Brothers for Rs. 1,000.a)Cash Bookb)Journal Proper (General Journal)c)Sales Bookd)Bills Receivable BookCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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