Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 25473 Views
- Cap Gemini, DataMonitor, I also Faced
- E-Mail Answers
Answer Posted / *****
if purchase of goods on account:
Purchases 100
Accounts payable 100
if in payment of cash:
purchases 100
Cash 100
if the sales is on account:
Account Receivable 200
Sales 200
if tru payment of cash
cash 200
sales 200
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
You configured new asset accounting with three depreciation areas that post in real time. You need to do a partial scrapping to an asset in transaction type. How many document does the transaction create ?( any 1 answer) 1 3 4 6
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
We are a education institute based in chennai.if i purchase a product in chennai and i transfer it to our branch which is in bangalore. we don't have tin nos,Sales tax nos, cst nos. We have only service tax nos. what is the procedure.
What is back value adjustment/correction in Nostro Reconciliations?
Define Bill of Exchange
Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com
what is new updates in account
What are the rates of Depreciation? Like machinery items, wooden items?
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
how many types of practice accounts?
What si the differance between REVENUE and PROFIT?
What is cash clearing account
If someone knows about the test pattern of Junior executive accounts than please share.
Expand-------MUR
What is the journal entry for Call and a Put option both in the books of buyer and seller
