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A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will be
- a)Rs. 17,700
- b)Rs. 16,000
- c)Rs. 16,500
- d)Rs. 17,000
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 i...
To calculate the amount debited to the car account, we need to add the initial cost of the car, the cost of repairs, the registration fee, and the dealer's commission.
Given:
Cost of the car = Rs. 15,000
Cost of repairs = Rs. 1,000
Registration fee = Rs. 500
Dealer's commission = Rs. 1,200
We can calculate the total amount debited to the car account as follows:
1. Initial cost of the car:
The initial cost of the car is Rs. 15,000.
2. Cost of repairs:
An additional amount of Rs. 1,000 is spent on the repairs of the car.
3. Registration fee:
An additional amount of Rs. 500 is incurred to get the car registered in the owner's name.
4. Dealer's commission:
An additional amount of Rs. 1,200 is paid as the dealer's commission.
Now, let's calculate the total amount debited to the car account:
Initial cost of the car + Cost of repairs + Registration fee + Dealer's commission
= Rs. 15,000 + Rs. 1,000 + Rs. 500 + Rs. 1,200
= Rs. 17,700
Therefore, the amount debited to the car account is Rs. 17,700.
The correct answer is option 'A' - Rs. 17,700.
Given:
Cost of the car = Rs. 15,000
Cost of repairs = Rs. 1,000
Registration fee = Rs. 500
Dealer's commission = Rs. 1,200
We can calculate the total amount debited to the car account as follows:
1. Initial cost of the car:
The initial cost of the car is Rs. 15,000.
2. Cost of repairs:
An additional amount of Rs. 1,000 is spent on the repairs of the car.
3. Registration fee:
An additional amount of Rs. 500 is incurred to get the car registered in the owner's name.
4. Dealer's commission:
An additional amount of Rs. 1,200 is paid as the dealer's commission.
Now, let's calculate the total amount debited to the car account:
Initial cost of the car + Cost of repairs + Registration fee + Dealer's commission
= Rs. 15,000 + Rs. 1,000 + Rs. 500 + Rs. 1,200
= Rs. 17,700
Therefore, the amount debited to the car account is Rs. 17,700.
The correct answer is option 'A' - Rs. 17,700.
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Community Answer
A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 i...
17 700 will be debited
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A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct answer is option 'A'. Can you explain this answer?
Question Description
A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct 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 second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct 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 second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct answer is option 'A'. Can you explain this answer?.
A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct 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 second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct 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 second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct answer is option 'A'. Can you explain this answer?.
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A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A second hand car is purchased for Rs. 15000, the amount of Rs. 1000 is spent on its repairs, Rs. 500 is incurred to get the car registered in owners name and Rs. 1200 is paid as dealers commission. The amount debited to car account will bea)Rs. 17,700b)Rs. 16,000c)Rs. 16,500d)Rs. 17,000Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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