What will be the Journal entry for these transaction-
Sold goods costing Rs.20,000 for Rs.30,000 on cash
Answer Posted / accountant
cash a/C DR 30000
TO sales a/c 30000
for goods sold cvosting rs 20000 for sold rs 30000 on cash
Is This Answer Correct ? | 126 Yes | 73 No |
Post New Answer View All Answers
what is cost center & cost categories in tally
What is a comprehensive income?
What does the word credit mean in terms of accounting?
List out the stages of double entry system?
What is the importance of accounting standards?
Who is debtor purchaser
Please explain the difference between provision and reserve?
hi for all i completed Mba finance in 2008.then i got a job in kpo capital iq as jra for 1 year than i left it and done a course sap fico so now looking for a job in sap how to approach? pls give me answer
how to assign the cost center to GL Account in SAP (FICO)
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
while raising credit note for price difference,is it mandatory to charge excise duty 12.36% and vat 14.5% on local supplies
How you can adjust entries into account?
Please explain what do you do to increase revenues? What are your tactics, techniques, and sales methods?