Related Questions

What is the net amount of cash paid to the supplier if: Credit purchases $12,000 out of which $2000 were rejected and subsequently returned to the supplier. Supplier allowed a discount of 1% on settlement of amount.
A $10,000
B $12,000
C $9,900
D $11,880
Purchase value of goods with VAT is TA. 2,70,000, Supplier agrees to allow Discount of TK 15,000; In the month Goods of TA. 25,000 were returned for defects. What is the amount of VAT paid?
A TA. 50,000
B TA. 30,000
C TA. 15,000
D TA. 10,000
You are planning to install a steel manufacturing plant in your city. For that purpose you want to have a supplier who supplies you the steel in raw form for manufacturing. Here supplier supplies you which of the following form of industrial product?
A Material and parts
B Capital items
C Supplies and services
D None of the given options
The time limit beyond which if goods are not returned, the capital goods sent for job work shall be treated as supply
A One year
B Three Years
C Six months
D Five years
In a annutal behavior experiment , 50 tagged white pigeons and 200 tagged gray pigeons were released from a laboratory. Within one week, 88 percent of the white pigeons and 80.5 percent of the gray pigeons had returned to the laboratory. what percent of the total number of piegens returned to the laboratory?
A 80.5%
B 82.5%
C 82%
D 85%
Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?
A Yes
B No
C Yes, in specific instances
D Can be availed only after transfer of document of title after movement of goods
...... hae goods returned to us because they are fault
A Seldom we do
B Seldom do we
C Seldomly we do
D Rarely we
Goods returned by customer should be debited to which of the following accounts?
A Sales income account
B Sales account
C Return inward account
D Expenses account
Which of the following specialized journal records "goods returned by customers"?
A Purchase journal
B Sales journal
C Purchase return journal
D Sales return journal
Which of the following specialized journal records "goods returned by the business"?
A Purchase journal
B Sales journal
C Purchase return journal
D Sales return journal

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