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
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
CAclubindia
