Purchase A/c Dr 100 To cash A/c 100 Cash A/c

If a company purchase the goods for rs. 100 and intends to
Sell it for 200.
What is the journal entry for this?

Question Posted / priya

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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