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neelakandan


{ City } mumbai
< Country > india
* Profession * accountant
User No # 71448
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Answers / { neelakandan }

Question { ICA, 57077 }

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


Answer

Cash A/c Dr 30000
To GoodS A/c 20000
To P/L A/c 10000

Is This Answer Correct ?    164 Yes 101 No