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
- 25352 Views
- Cap Gemini, DataMonitor, I also Faced
- E-Mail Answers
Answer Posted / guest
PURCHASE A/C DR 100
INDIRECT INCOME DR 100
TO SALE A/C 200
| Is This Answer Correct ? | 15 Yes | 31 No |
Post New Answer View All Answers
Short Answer on ________Adjusting Entries
What is ABC Analysis in industrial function. hw can it s maintain ?
EXPAND_________SEAMEC
What is the working formula for Inventory turnover
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
EXPAND___________IMF
while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??
How can a Society be converted to a Private Limited Company in the Real Estate Industry and at the same time have the least tax liability upon it's profits earned during the financial year closing
business sepsarate entity concepts
Plz send me the questions that could be asked in an interview for a Bank Clerical job to suja_aln@yahoo.co.in. Thank you.
What is the procedure to take loan
What is the difference between income statement & Profit&loss A/c?
Expand-------MTRS
what is similarites between tata motors and airtel
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
