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 / damu
Purchase account Dr......100
To Cash account.............100
Cash account Dr..........200
To Sales account............200
(Being goods sold in cash)
Is This Answer Correct ? | 12 Yes | 1 No |
Post New Answer View All Answers
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
Being BE student why you want to join bank?
why do we charge the depreciation
whst is detailed information aboutaccounting standards 20to 29
how to prepare HSD statements in tally
what is operational risk and market risk in basel 2 norms.
why gross profit transfering to profit & loss account
What is Inventory Control?
What is the role oF Jr Financial Analyst ? And what are the General Questions Asked for this Profile For freshers ?
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?
what is automatic payment in sap fico
How to Calculate Mortgage?
I am maintaing books of accounts a Software Co. Kindly advise me Account Head of these exps. (Software Exps.,Internet Exps., Video Exps.,Server Maint.Exps.,& SMS Exps.,) Thanks
what is an advance against expenses