Financial Accounting MCQs

Sales made to Mahesh for cash should be debited to

April 25, 2022

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Sales made to Mahesh for cash should be debited to

Q. Sales made to Mahesh for cash should be debited to

A. Mahesh Account

B. Sales account

C. Cash account

D. Purchase account

Answer: Cash account

Sales made to Mahesh for cash should be debited to

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Sales made to Mahesh for cash should be debited to

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A trader has made a sale of Rs.75,500 out of which cash sales amounted to Rs.25,500. He showed trade receivables on 31-3-2014 at Rs.25,500. Which concept is followed by him?

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