Q.6: Mr. Singh dealing in electronic goods sold 20
TV sets costing Rs 30,000 each at Rs 40,000
each. Out of this Rs 5,00,000 were received in
cash and the balance is not yet received. State
the amount of revenue.
O Rs 10,00,000
O Rs 11,40,000
O Rs 8,00,000
O Rs 6,00,000
what is the answer
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Explanation:
Revenue will be ₹8,00,000(i.e 20TV sets X ₹40,000) Revenue is the amount either received or receivable from sale of goods and services. Both cash sales and credit sales are included in revenue.
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