Question

6. A company sends its cars to dealers on 'sale or return' basis. All such transactions are however treated
like actual sales and are passed through the sales day book. Just before the end of the financial year,
two cars which had cost 55,000 each have been sent on 'sale or return' and have been debited to
customers at 375,000 each, cost of goods lying with the customers will be
(a) 1,10,000.
(b) 55,000.
(c) 75,000

can u pls give the explanation?? ​

Answer 1

Answer:

55000

Explanation:

I'm not expert but I think this is right

Answer 2

Answer:

(a) 1,11,000

Explanation:

Total sale =55000+75000=130000 profit=75000-55000=20000 cost=sale-profit130000-20000=110000

Also, don't forget to mark it as the brainliest answer!!