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

Answer Posted / god dj h

Cash ac-
To capital ac

Is This Answer Correct ?    4 Yes 22 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

if at the end of the year cash book is showing debit balance whether it is meant that cash is not deposited after deducting expenses in bank and it is in hand and we should deposit in next year

1470


How to pass VAT retention entry on computer and Furniture

2430


Give ONE reason for Balance Sheet to be out of balance

1593


In accounting equation what is the treatment of investment in shares??

1085


What qualification do you need to become an accounting professional?

633






if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

1582


What information do you require before you approve an invoice for payment?

731


your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?

1396


How can you define departmental accounting?

803


bank releted question interviw plz tel me

2032


What is good accounts Process & Execution capabilities?

1601


What's the accounting entry when an Invoice is created in AR?

1594


on 02/05/2013 issued a cheque to third eye ltd of Rs.14000/- in full and final settlement against the due on amount

1400


What is compound journal entry?

643


want to know the questions and answers frequently asking in banks at the time of interview for any cadre

1560