What will be the Journal entry for these transaction-
Sold goods costing Rs.20,000 for Rs.30,000 on cash

Answer Posted / guest

Cash Rs20000
Credit Rs10000
To sales Rs 30000

Is This Answer Correct ?    6 Yes 27 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Ledger Enteries

1849


What is ERP? Diff b/w Income & Expenditure a/c & P/L a/c? What is the fullform & the application of SAP? What is the reasons where Balance sheet will not tally?

1851


How does accounting contribute to the community?

646


Which steps in Procurement to Pay process does FI documents get created.

1640


how go make jaggery sales and purchace bill in tally 7.2,jaggery lumbs comes in different weight not fixxed weight and i want stock in lumbs and bill amount in rupees (exp.lumbs/weight/rate/amount-1000/102.50/2500/256250)

1456






What is use of subject history in banking?

2211


What are the basic assumptions in accounting?

688


Explain have you ever heard about tds, what it is?

640


what is apply SI post

1558


List of Indian accounting standards and international financial reporting standards

1149


in tally ,professional fees head will come under which income group ,direct or indirect if the business of owner is designing work or related to creativity

4985


Tell me what is “deposit in transit”?

595


What is the difference between perpetual & periodic inventory system?

565


Definition of push down accounting

646


Do you think accounting standards are mandatory and why?

694