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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 / pari
To Purchase A/c Dr 100
To Cash A/c Cr 100
To Cash A/c Dr 200
To Sales A/c Cr 200
| Is This Answer Correct ? | 2 Yes | 1 No |
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while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
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