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CA CPT Dec 2018 Question Paper Fundamentals of Accounting for online practice

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Question : 6

Total: 50

Dinesh started business with cash ₹15,000 and furniture of ₹3,000. During the year sales amounted to ₹55,000 (including cash sales ₹5,000). At the end of the year, an amount of ₹12,000 is outstanding from debtors. Closing balance of cash will be

₹58,000
₹ 50,000
Both event as well as transaction
None of these

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