If a company purchase the goods for rs. 100 and intends to
Sell it for 200.
What is the journal entry for this?
Answer Posted / guest
PURCHASE A/C DR 100
INDIRECT INCOME DR 100
TO SALE A/C 200
| Is This Answer Correct ? | 15 Yes | 31 No |
Post New Answer View All Answers
Expand---------OST
what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
About Funding Working Capital to a Company? A company Turn over is 12 Cr, but in the bank statement credits per month is more that 3 Cr? how this could happen? awaiting your views?
what is Contra Asset?
what is Journal Entries?
All shot cut key use in the tally software & it's uses
How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Short Answer on _______Appropriation
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
DEfine SAP
service tax form no ? What is CC Limit ? What is branch accounts?
can u let me know how the bankers calculate interest on O.D.account
Who to create a budget on software company