What will be journal entry of cost of goods sold.
Answer Posted / ramakrishna s
CASH A/C ............DR
TO SALES A/C
(HERE IN THE QUESTION, PARTIES HAVE NOT MENTIONED MORE OVER
IT IS COST INVOLVED WHILING SELLING SO WE USE CASH A/C BY
DEFAULT...)
Is This Answer Correct ? | 4 Yes | 4 No |
Post New Answer View All Answers
Tell me how can you explain the basic accounting equation?
List the type of transactions entered in journal proper.
Explain me fair value accounting?
Tell me do you have any professional experience of this field?
What do you think is a bank reconciliation statement?
Explain what is the disadvantage of double entry system?
What do you debit and credit if discount allowed is underrated?
Tell me in accounting, vat abbreviates what?
whether bills of exchnge can come under the category of reserves and surplus
what is casual receipt? is it exmpted in income tax?
What is the difference between provision and reverse?
Do you know how many types of business transactions are there in accounting?
Is buy or sale trade will impact on Nov? Yes/No Please explain.
I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com
Scope and nature of Accounting