Please answer this Mr mohit singh dealing in electronic goods sold 20 tv sets costing - Accountancy - Introduction to Accounting

Question

Please answer this Mr mohit singh dealing in electronic goods sold
20 tv sets costing ?30,000 each at ?40,000 each Out of this
?5,00,000 were received in cash and balance has not been rcvd yet
State the amount of revenue

Rashi Lokwani · Accepted Answer

Dear Student,

Sale may be made on cash or credit, but the full revenue is the
total amount of cash and credit sale

Revenue = Selling price × No
 of items sold = 40000 × 20 = Rs
 8000000
Regards

Please answer this.... Mr mohit singh dealing in electronic goods sold 20 tv sets costing ?30,000 each at ?40,000 each. Out of this ?5,00,000 were received in cash and balance has not been rcvd yet. State the amount of revenue.