Answer :

Final answer:

This business-related question involves an accounting transaction where goods are sold to Ramesh and a cheque for Rs. 7000 is received. It appears to be a standard business transaction affecting financial statements.

Explanation:

The question "Sold goods to Ramesh and received a cheque Rs. 7000: a) True b) False" is related to accounting practices in business. When a company sells goods to a customer and receives a cheque in return, this transaction affects the company's financial statements. The cheque for Rs. 7000 is recorded as a debit to the bank account and a credit to the sales revenue account, reflecting both the increase in the company's cash balance (assuming the cheque does not bounce) and the earnings from the sale. Without additional context, we cannot determine the truthfulness of the statement, but from an accounting standpoint, the description of the transaction seems logical.

The statement is true. When goods are sold and a check is received as payment, it represents a credit transaction. In this case, the seller received a cheque for Rs. 7000 from Ramesh, indicating that Ramesh owes the seller Rs. 7000.

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Rewritten by : Barada