If a company purchase the goods for rs. 100 and intends to
Sell it for 200.
What is the journal entry for this?
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Answer / joy
dr.purchase a/c......100
cr.sales a/c....... 200
(being goods sold in cash)
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / avishek
purchase A/c ..........Dr 100
Profit &loss A/c........Dr. 100
To sales 200
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / *****
if purchase of goods on account:
Purchases 100
Accounts payable 100
if in payment of cash:
purchases 100
Cash 100
if the sales is on account:
Account Receivable 200
Sales 200
if tru payment of cash
cash 200
sales 200
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mk reddy
purchase a/c -dr 100
to cash a/c 100
cash a/c -dr.....200
to sales a/c ....200
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ananthasayana
PURCHASES A/C DR 100
TO CASH A/C 100
(BEING PURCHASES MADE)
CASH A/C DR 200
TO SALES A/C 200
(BEING CASH SALES)
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / guest
PURCHASE A/C DR 100
INDIRECT INCOME DR 100
TO SALE A/C 200
| Is This Answer Correct ? | 15 Yes | 31 No |
Answer / rk
purchase a/c .......dr 100/-
to cash a/c 100/-
sales a/c.........dr......200/-
to cash a/c200/-
| Is This Answer Correct ? | 8 Yes | 30 No |
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