umesh yadav (IPCC) (96 Points)
30 May 2011Total sales During the year amounted to70,000 ; cash sales10,000; Outstanding debtors at the end of the years25,000 . Cash Recived from debtors during the year will be ?
a) 35,000 b) 30,000 c) 37,000 D)32,000
model question paper . Vol 1, pg 383, 33question .... ans should be 35 ri8 .... y 37 ??
Rajesh Kurmi
(Finance Executive & IPCC )
(87 Points)
Replied 30 May 2011
My answer is correct No doubt. Answer provided by the model test paper is wrong. Even I have suffered from this type of wrong answer present both in Model test papers & Also on the Study materials.
umesh yadav
(IPCC)
(96 Points)
Replied 30 May 2011
Institute Book ... gives wrong ha ???
Hum fair enough
Rajesh Kurmi
(Finance Executive & IPCC )
(87 Points)
Replied 30 May 2011
Tell me na how can the answer of the said question be Rs 37000/-, Have you written the question correctly?
umesh yadav
(IPCC)
(96 Points)
Replied 30 May 2011
Model question paper volume 1 .. pg. numb 383.. question 33
SNP
(student)
(44 Points)
Replied 30 May 2011
brother answer is 35000 only in model question paper book many answers are wrong...
Amit Surana
(Student CA/CS-Professional)
(268 Points)
Replied 30 May 2011
Sweety jain
(Assistant manager finance)
(97 Points)
Replied 30 May 2011
Answer is 35000 RS.
Total Sales 70,000
Less- Cash Sales 10,000
credit sales 60,000
Debtors is equal to credit sales so outstanding Debtors is 25000 it means 35000 received from Debtors.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 30 May 2011
it could be 37000 if there is opg. debtot of 2000
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