Commerce Exam  >  Commerce Questions  >  A Furniture dealer during the financial year ... Start Learning for Free
A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited. 
  • a)
    Cash, Fixed Assets
  • b)
    Cash, Furniture 
  • c)
    Cash, Sales 
  • d)
    Cash, Sunil’s
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
A Furniture dealer during the financial year 2010-11, sold furniture o...
According to the rule of Real Account...
Debit what comes in and credit What goes Out...
Here furniture Dealer sold the Furniture to Mr. sunil on cash basis so cash comes in and we debit cash account and Furniture goes out but we cant credit with Furniture account here furniture deals with sales so sales account is credited.
The entry will be:
Cash Account Dr. 25,000
To Sales Account 25,000
Free Test
Community Answer
A Furniture dealer during the financial year 2010-11, sold furniture o...
C is correct option according to new rule when asset increase it is dr and increase in revevenue should be credited
Explore Courses for Commerce exam

Top Courses for Commerce

A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer?
Question Description
A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer?.
Solutions for A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A Furniture dealer during the financial year 2010-11, sold furniture of Rs. 25,000 to Mr. Sunil on cash basis. In the books of dealer _____ account will be debited and _________ account will be credited.a)Cash, Fixed Assetsb)Cash, Furniturec)Cash, Salesd)Cash, Sunil’sCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev