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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 Posted / surya
At the time of Purchase:
Purchase/Goods A/c Dr 100
to Cash/Vendor 100
At the time of Sale
Cash/Customer A/c Dr 200
to Sales 200
| Is This Answer Correct ? | 12 Yes | 2 No |
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