Question
When the goods are sold on credit, the following
happens?Solution
When the goods are sold on credit, the company does not receive the cash but a promise to be paid by the person buying the goods. These are the debtors or accounts receivables for the company. The journal entry for this particular transaction is: Dr. Debtors/Accounts Receivables                        Cr. Sales/Revenue As such the impact is that the debtors of the company increase. Â
In the question, assuming the given statements to be true, find which of the following conclusion(s) among the two conclusions is/are true and then give...
Which of the following symbols should replace the sign (@) respectively in the given expression in order to make the expression Y ≥ Z and D > K defini...
Statements:
A = B ≤ Y < Z; P ≤ I < A; M ≤ Y < N
Conclusions:
I). Â M < Z
II). Â P < Y
III). Â N > A
...In the following question, a relationship between different elements is shown in the statements, followed by two conclusions I and II. Assuming the stat...
Statement: T > B = P ≥ C ; B ≥ J > F; O ≤ J ≤ C
