What will be the Journal entry for these transaction-
Sold goods costing Rs.20,000 for Rs.30,000 on cash

Answer Posted / saurabh chauhan

cash a/c ------- dr. rs 30000
to sales a/c rs 20000
to p/l (profit) a/c rs 10000

Is This Answer Correct ?    20 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the difference between perpetual & periodic inventory system?

575


can i material bill book in miro without vat on transport charges ?

1615


What is band and why the company needs this?

1568


HOW WE MADE ENTRY OF SURCHARGE ON VAT PURCHASE IN PUNJAB

1709


what will be the possible question for an interview in account post as a fresher

1534






What is the difference between costing and cost accounting?

631


India me ,suppose that hmare pass 190000 Rs hai,to kitna tax lgega,or kis heshab se lgega,

1695


As you know excellent communication skills are at the core of this position. Do you have experience with interpersonal communication in a professional setting?

624


in trading credit why does goods sent on consignment come?

1494


Entry for revenue item will be Expenses A/C Dr to Cash. But in the Profit and Loss account we will see the expenses with a pre fix of To Expenses Why?

1475


What is full rate on plywood box in haryana sale tax:

1454


i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.

1863


what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam

1460


what is the deference between depreciation explanation

1712


What is the Full Procedure of Purchase ?

1570