Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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


Please Help Members By Posting Answers For Below Questions

have you ever been involved in an invoice dispute? How did you manage the problem?

1127


What are bills receivable?

1049


A company primarily operating from own land, takes on rent building for staff quarters. Whether rent paid on such staff quarters qualifies as capital investment?

1906


Account for letter of credit in the books?

1134


PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)

2063


How do you build a successful business relationship?

1094


What is short term solvency ratio?

1065


Do you know what is a cpa?

1103


how to reduce the interesting giving to debts ?

2159


Key difference between indian accounting standards and international accounting standards is.

1109


how to prepare brs statement for company in tally

3258


what is the diffrence between cash flow & cash fund?

2094


Explain me bills receivable?

1088


Tell me about a situation where you showed determination?

1078


if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

1991