what are the entries when we sold goods on credit to some x person ? also when we sold goods for cash?

7 Answers  

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why we are considering the net profit as liable in balance sheet

5 Answers  

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What is the difference between trial balance and general ledger?

0 Answers  

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How to approval an invoice

1 Answers   Accenture,

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what is journal entry for cash received

11 Answers  

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What is the Significance of Open Item of B.R.S. in SAP.

1 Answers   Samsung,

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what is the accounting treatment in tally of free goods received with goods purchased.

0 Answers  

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what is debit balance of p&l a/c show in asset side of b/s?

3 Answers   Capital IQ, Sonali Bank,

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What is the maximum amount of Bank DD or PO we can make in INR?

2 Answers  

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financial management

1 Answers  

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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 good's worth rs 3,000 withdrawn from business for personal use. 16th jan 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.

0 Answers   Marketing Sales,

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hi to all what is the usage of legal enitiy in oracle apps r12. its functions. and why it is necessary plz answer my question as soon as possible

1 Answers  

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