Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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


Please Help Members By Posting Answers For Below Questions

Explain some of the accrued expenses and the accounts in which you would record them?

1084


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?

2699


What do u mean by press releases

2153


how to deduct tds on income from other sources with examples

2140


Tell us do you have any professional experience of this field?

1040


Accounting Questions

5863


journal entry for goods withdrawn for personal use

2265


Capital reserve is - a) real account b) nominal account c) personal account d) none of them

920


Where do we create House banks and what is the process in sap fico

1514


Explain different branches of accounting?

1301


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.

2360


Tell us what is your proudest accomplishment?

1160


Which forms in use in service Tax, Excise duty and Vat for the return.

2118


what is accounting cycle ?

5522


can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.

2102