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If a company purchase the goods for rs. 100 and intends to
Sell it for 200.
What is the journal entry for this?
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Answer Posted / priya
Purchase A/c Dr 100
To cash A/c 100
Cash A/c Dr 200
To Sales A/c 200
Cash A/c Dr 100
To Profit&loss A/c 100
| Is This Answer Correct ? | 29 Yes | 9 No |
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