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2 August, 07:11

11.

d. sales of

Which of the following should not be called 'sales'

a. office fixtures sold b. goods sold on credit c. goods sold for cash

item previously included in 'purchases'

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Answers (1)
  1. 2 August, 07:45
    0
    a. Office Fixtures Sold

    Explanation:

    Sales of 'Office Fixtures' can not be recorded as 'sales' and the only exception to it is that the business is of the office fixtures. However, in the given scenario, the business does not seem to be related to office fixtures therefore,

    this will be called as 'disposal'

    The sales of other items which are not related to company's business are known as disposal. There can be gain or loss on disposal after putting the effects of depreciation.
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