Sold goods worth Rs 75000/- inexchange of old furniture
worth Rs 15000/- and balance in cash. Pass entr for it

Answer Posted / murali royal

Cash a/c Dr 60000/-
Old furniture ac Dr 15000/-

To Sales ac 75000/-

( Being goods sold and exchanged the goods)

Is This Answer Correct ?    22 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

describe how accuracy in trial balance is a prime objective for preparing the financial statements?

1757


How can retify the errors in the trial balance

1940


discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1657


Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572

2135


how standard costing techniques are applied in manufacturing sectors

1927






If someone knows about the test pattern of Junior executive accounts than please share.

1888


Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset

1896


please tell me questions asked in NICMAR for the post of accounts executive

3732


Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1384


What three Specific Job Positions do you target from the Industry

2164


what is non stock?

2396


Expand--------TAO

1790


what is contigent liabilities? whats it status in balance sheet?

1951


why did rbi hiked repo and reverse ratio and how it will effect the market

1550


What are different types of reports made in tally

1971