Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
30 views
in Accounts by (33.3k points)
closed by

By credit sales

(A) Debtors increase

(B) Stock decreases

(C) Profit/Loss arises

(D) All of these

1 Answer

+1 vote
by (34.5k points)
selected by
 
Best answer

Correct option is (D) All of these

When a credit sale is made:

(A) Debtors increase because the amount owed by customers increases.

(B) Stock decreases because it has been sold to customers.

(C) Profit/Loss arises depending on the cost of goods sold and other expenses associated with the sale.

Related questions

0 votes
1 answer

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...