What will be the Journal entry for these transaction-
Sold goods costing Rs.20,000 for Rs.30,000 on cash
Answers were Sorted based on User's Feedback
Answer / suraj
Cash a/c 30000
To, sales a/c 20000
To, P/L a/c 10000
| Is This Answer Correct ? | 93 Yes | 24 No |
Answer / 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 |
Answer / saurabh chauhan
cash a/c ------- dr. rs 30000
to sales a/c rs 20000
to p/l (profit) a/c rs 10000
| Is This Answer Correct ? | 20 Yes | 8 No |
Answer / ajay shah
Cash A/c Dr. 30000
To Profit on sales A/c 10000
To Sales A/c 20000
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / shankar
Cash ac -20000
To sale ac-30000
To profit ac-10000
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / chartered accountant
Cash A/C Dr. Rs. 20000
Profit and Loss A/C Dr. Rs. 10000
To Sales A/C Rs. 30000
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / givens tharu
cash a/c Dr. Rs30000
To sales a/c Rs30000
(Being goods costing Rs20000 sold for Rs30000)
| Is This Answer Correct ? | 0 Yes | 1 No |
What is the TDS rate in Maharastra, Tamil Nadu, Karnakata,Odisha & West Bengal. What is about Profession Tax.
how to geting finished goods cost with included it's all BOM and all production order cost in sap?
In the case of stock transfer from one branch to another branch any reverse credit is applicable.
What is the use of form D in sale tax
Subsidiary ledger and the benefit of making it, explain?
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
Tell us did you use accounting applications at your previous companies or prefer working manually?
What is an over accrual?
Needs for capital
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