If a company purchase the goods for rs. 100 and intends to
Sell it for 200.
What is the journal entry for this?
Answer Posted / damu
Purchase account Dr......100
To Cash account.............100
Cash account Dr..........200
To Sales account............200
(Being goods sold in cash)
Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
What elements of your job do you find most difficult
You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.
Expand-------MUR
what salary you expect???
if you fix salary to some body for Rs.10000/- what are the segregations to be done and what are the deductions to be done (segregations like basic, da,ta,conveyance etc., how ? what percentage what speaks law) and deductions what are those like, pf,esi,pt, etc., what ever
distinquish between liquidity ratio and asset management ratio
duties of bank finance manager
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
plz tell me short cut method in maths for clerck post in bank
what is Rectification of Errors ?
why you choose accounting as your career ? ?
In case of cement plant we have to capitalizee locomotive engine my question is about the rate of depreciation on SM basis and category in which it should be capitalize?
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
Let me know the difference between cash flow and free cash flow