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
- 21224 Views
- Cap Gemini, DataMonitor, I also Faced
- E-Mail Answers
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 |
Post New Answer View All Answers
How do the standards assist the users of financial report?
how to do the recurring entries or steps to follow that
genpact uk based shift timings? and R2R job profile?
What is the Technology used to carry out trades?
What are the major responsibility's of an accountant? what are the qualities he /she requires?
Expand--------AA
Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry
Hello Frd's This is Mohd NaseerUddin. Is Anyone can help me out to findout a Accounting Peachtree 7.2 note's aswel as Focus notes also Plsssssss helpme out to find it. My E-mail id is mohd_naseeruddin43@yahoo.com
Expand MNS
What is the Accounts Payable & Accounts Receivable ?
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
wHAT ARE EVENTS
What is cash clearing account
how standard costing techniques are applied in manufacturing sectors
what are responsibilities of an accountant in a company?
