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What will be the Journal entry for these transaction-
Sold goods costing Rs.20,000 for Rs.30,000 on cash
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Answer Posted / ajay shah
Cash A/c Dr. 30000
To Profit on sales A/c 10000
To Sales A/c 20000
| Is This Answer Correct ? | 8 Yes | 5 No |
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sIR, DEAR SIR, WE ARE PREPARING EXPORT INVOICES AT THE TIME OF INVOICE PREPARATION WE MENTIONED EXCISE, EDN CESS AND SH EDN CESS AMOUNT ALSO IS IT CORRECT ARE NOT BUT I THINK WHEN MATERIAL SOLD EXPORT EXCEMPTION FROM EXCISE, EDN CESS AND SH EDN CESS WHICH EVER IS CORRECT. PLEASE CLARIFY MY DOUT. ADVANCE THANKING YOU,
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