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Second hand car is purchased for Rs. 2,00,000, the amount of Rs. 25,000 is spent on its repairs, Rs. 5,000 is incurred to get the car registered in owner’s name and Rs. 2,000 is paid as dealer’s commission. The amount debited to car account will be (a) Rs. 2,32,000 (b) Rs. 2,25000 (c) Rs. 2,30,000 (d) Rs. 2,05,000?
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Second hand car is purchased for Rs. 2,00,000, the amount of Rs. 25,00...
Answer:

Calculation of Cost of Second-hand Car:
- Cost of Second-hand Car = Rs. 2,00,000
- Cost of Repairs = Rs. 25,000
- Cost of Registration = Rs. 5,000
- Dealer's Commission = Rs. 2,000

Total Cost:
- Total Cost = Cost of Second-hand Car + Cost of Repairs + Cost of Registration + Dealer's Commission
- Total Cost = Rs. 2,00,000 + Rs. 25,000 + Rs. 5,000 + Rs. 2,000
- Total Cost = Rs. 2,32,000

Debit to Car Account:
- Debit to Car Account = Total Cost
- Debit to Car Account = Rs. 2,32,000

Answer: The amount debited to car account will be (a) Rs. 2,32,000.
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Second hand car is purchased for Rs. 2,00,000, the amount of Rs. 25,00...
A RS 232000
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Second hand car is purchased for Rs. 2,00,000, the amount of Rs. 25,000 is spent on its repairs, Rs. 5,000 is incurred to get the car registered in owner’s name and Rs. 2,000 is paid as dealer’s commission. The amount debited to car account will be (a) Rs. 2,32,000 (b) Rs. 2,25000 (c) Rs. 2,30,000 (d) Rs. 2,05,000?
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Second hand car is purchased for Rs. 2,00,000, the amount of Rs. 25,000 is spent on its repairs, Rs. 5,000 is incurred to get the car registered in owner’s name and Rs. 2,000 is paid as dealer’s commission. The amount debited to car account will be (a) Rs. 2,32,000 (b) Rs. 2,25000 (c) Rs. 2,30,000 (d) Rs. 2,05,000? 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 Second hand car is purchased for Rs. 2,00,000, the amount of Rs. 25,000 is spent on its repairs, Rs. 5,000 is incurred to get the car registered in owner’s name and Rs. 2,000 is paid as dealer’s commission. The amount debited to car account will be (a) Rs. 2,32,000 (b) Rs. 2,25000 (c) Rs. 2,30,000 (d) Rs. 2,05,000? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Second hand car is purchased for Rs. 2,00,000, the amount of Rs. 25,000 is spent on its repairs, Rs. 5,000 is incurred to get the car registered in owner’s name and Rs. 2,000 is paid as dealer’s commission. The amount debited to car account will be (a) Rs. 2,32,000 (b) Rs. 2,25000 (c) Rs. 2,30,000 (d) Rs. 2,05,000?.
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