If a company purchase the goods for rs. 100 and intends to
Sell it for 200.
What is the journal entry for this?
- 18 Answers
- 21237 Views
- Cap Gemini, DataMonitor, I also Faced
- E-Mail Answers
Answer Posted / ashok
purchases A/c Dr. 100
To cash A/c 100
cash A/c Dr. 200
sales A/c 200
| Is This Answer Correct ? | 15 Yes | 0 No |
Post New Answer View All Answers
how to mention last year profit of ay private limited company in current year balance sheet ?
What is the defination of job costing, batch costing and contract costing?
Expand BFSI
What is written off?
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times
What is the quality of the accountant & rights ? hansika.kk@gmail.com
Straight line method to using Indian company names
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question
why do you want to work here?
explain the difference between LIFO and FIFO?
What is 100% EOu? what is the benifit and what is difficulty of it?
do we have to learn all the shortcutkeys in tally.i am from non commerce background ,where should i start from.
