What will be the Journal entry for these transaction-
Sold goods costing Rs.20,000 for Rs.30,000 on cash
Answer Posted / pavi
Cash A/c Dr 30000
To GoodS A/c 20000
To P/L A/c 10000
| Is This Answer Correct ? | 164 Yes | 101 No |
Post New Answer View All Answers
Explain some of the accrued expenses and the accounts in which you would record them?
One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?
What do u mean by press releases
how to deduct tds on income from other sources with examples
Tell us do you have any professional experience of this field?
Accounting Questions
journal entry for goods withdrawn for personal use
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
Where do we create House banks and what is the process in sap fico
Explain different branches of accounting?
how many invoice types are there in accounting and what is the satutary obligations for each invoices and waht are the basic differences in those invoices.
Tell us what is your proudest accomplishment?
Which forms in use in service Tax, Excise duty and Vat for the return.
what is accounting cycle ?
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.