student-IPCC
407 Points
Joined April 2012
Cash sale Rs 50,000, Credit sales Rs 3,50,000, Sales returns 50,000 out of Rs 3,50,000. Goods costing 40,000 were sent of approval basis for 50,000 and the approval is not yet received, then the net sales are (a) 3,50,000 (b) 3,25,000 (c) 3,20,000 (d) Rs. 3,00,000
and
Cash sale Rs 50,000, Credit sales Rs 3,50,000, Sales returns 50,000 out of Rs 3,50,000. Goods costing 40,000 were sent of approval basis for 50,000 and the approval is not yet received, then the net sales are (a) 3,50,000 (b) 3,25,000 (c) 3,20,000 (d) Rs. 3,00,000
i discussed about these two questions with some ipcc nd final students they are all said te same ans
i.e for 1st one ans is 0
and for the 2nd one the ans is 350000