Goods having cash sales price 20,000 with provision for installment payment in two equal installments of 11,000

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Goods having cash sales price ₹20,000 with provision for installment payment in two equal installments of ₹11,000 to be paid at the end of six months and 12 months. The sales revenue to be recognized in books of accounts should be

(a) ₹22,000

(b) ₹20,000

(c) ₹11,000 after six months

(d) ₹11,000 at the end of year

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

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Question Posted: Dec 15, 2023 11:39 PM

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Goods having cash sales price 20,000 with provision for installment payment in two equal installments of 11,000

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Financial Accounting

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