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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 / ananthasayana
PURCHASES A/C DR 100
TO CASH A/C 100
(BEING PURCHASES MADE)
CASH A/C DR 200
TO SALES A/C 200
(BEING CASH SALES)
| Is This Answer Correct ? | 1 Yes | 3 No |
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