What will be the Journal entry for these transaction-
Sold goods costing Rs.20,000 for Rs.30,000 on cash
Answer Posted / givens tharu
cash a/c Dr. Rs30000
To sales a/c Rs30000
(Being goods costing Rs20000 sold for Rs30000)
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
Contrast bookkeeping and accounting
What is the use of 2a, 2b & 2c form in CST ?
Do you know what are trade bills?
What is a contra entry
I TRANSFERRED A STOCK OF RS. 100.00 FROM HEAD OFFICE DELHI TO MFG. UNIT OFFICE AT HARYANA AGST FORM F.AT BRANCH GOODS ARE PROCESSED AND ADDED VALUE OF RS. 80.00 AND TRNF BACK TO DELHI HEAD OFFICE FOR RS. 180.00 AGST FORM F FROM HARYANA . AND HEAD OFFICE SOLD THIS TO PARTY AT RS. 200.00 . I WANT TO KNOW HOW TO MAKE ACCOUNTING ENTRIES IN BOTH BOOKS HEAD OFFICE AND BRANCH OFFICE. TO SETTEL ACCOUNT AND TO CONSOLIDATE THE BOOKS AT THE END OF YEAR.
How to calculate ESI Please define what include in basic salary and what should be excluded from basic salary
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
What is meant by partitioning?
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
I have 4 four category of emplies say Admn/Markting/Procurment/Production and the employees of thee category have there bank accounts in 5 or six different banks. How can i generate Payroll advice for the employees having account in A Or B OR C Or D falling under above category
What is double-entry accounting? Explain with an example?
What is the marginal cost formula?
is there is mentioned that we can adjust excess debtors with creditor in the stock statement while calculating Drawing Power
How you can adjust entries into account?