Interested to Buy Any Domain ? << Click Here >> for more details...
1. A firm buys stock for $100 by cheque and intends to
sell it for $200, so the double entry should be
a) Debit bank $100 and credit stock $ 100
b) Credit bank $ 200 and debit stock $ 200
c) Debit purchases $100 and credit sales $ 200
d) Debit purchases $ 100 and credit bank $ 100
- 3 Answers
- 9179 Views
- FactSet Systems, I also Faced
- E-Mail Answers
Answer Posted / baddam.venugopalreddy
purchases $ 100.....a\c
to bank $ 100
BECAUSE THEY INTENDS TO SELL, BUT THEY HASN'T SELL YET..
WE CAN WRITE ENTRY WHEN THE TRANSACTION IS MADE..
| Is This Answer Correct ? | 28 Yes | 1 No |
Post New Answer View All Answers
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
objective of accounting
what is circuit filter?
Expand ________FIPB
Short Answer on ___________fluctuating capital
What are the major responsibility's of an accountant? what are the qualities he /she requires?
can any one tell me what kind of qns are asked in gail entrance test. i m apearing for the exam of accounts & finance. please let me know the ans on my id pragneshmall1@gmail.com
Expand---------MRDT
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
wHAT ARE EVENTS
Short Answer on ________Accounts Payables
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
What is communicating
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
Difference between nonoperating expentiture and non cash expenditure
