CA Foundation Exam > CA Foundation Questions > The Balance of Sales day book is Rs. 25,000. ...
Start Learning for Free
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?
- a)Rs. 20,000
- b)Rs. 5,000
- c)Rs. 25,000
- d)Rs. 10,000
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered ...
The correct answer is: a) Rs. 20,000
The Balance of Sales Day Book represents the total sales made. If Rs. 5,000 were recovered from debtors, it means that this amount is no longer part of the outstanding sales, so it should be deducted from the original balance.
Thus, the balance to be transferred from the Sales Day Book will be:
Rs. 25,000 - Rs. 5,000 = Rs. 20,000
This question is part of UPSC exam. View all CA Foundation courses
Most Upvoted Answer
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered ...
Balance of Sales Day Book
The balance of Sales Day Book is the total amount of sales made by a business that is yet to be collected.
Given Information
The Balance of Sales Day Book is Rs. 25,000. Rs. 5,000 was recovered from debtors.
Calculation
To find the new balance of Sales Day Book after the recovery of Rs. 5,000, we need to subtract the amount recovered from the previous balance.
New Balance = Previous Balance - Amount Recovered
New Balance = Rs. 25,000 - Rs. 5,000
New Balance = Rs. 20,000
Therefore, the new balance of the Sales Day Book after the recovery of Rs. 5,000 is Rs. 20,000.
Answer
Option A) Rs. 25,000 (previous balance) is the correct answer as it is the balance before the recovery of Rs. 5,000.
The balance of Sales Day Book is the total amount of sales made by a business that is yet to be collected.
Given Information
The Balance of Sales Day Book is Rs. 25,000. Rs. 5,000 was recovered from debtors.
Calculation
To find the new balance of Sales Day Book after the recovery of Rs. 5,000, we need to subtract the amount recovered from the previous balance.
New Balance = Previous Balance - Amount Recovered
New Balance = Rs. 25,000 - Rs. 5,000
New Balance = Rs. 20,000
Therefore, the new balance of the Sales Day Book after the recovery of Rs. 5,000 is Rs. 20,000.
Answer
Option A) Rs. 25,000 (previous balance) is the correct answer as it is the balance before the recovery of Rs. 5,000.
Community Answer
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered ...
Entry for recovered from debtors will be cash a/c. Dr To debtors a/c hence there will be no effect of this in sales day book
|
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?
Question Description
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. 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 The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. 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 The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?.
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. 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 The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. 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 The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?.
Solutions for The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The Balance of Sales day book is Rs. 25,000. Rs. 5,000 were recovered from debtors. Then balance of Day Book will be transferred by which amount ?a)Rs. 20,000b)Rs. 5,000c)Rs. 25,000d)Rs. 10,000Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup