Cash A/C Dr. Rs. 20000 Profit and Loss A

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

Question Posted / chartered accountant

Answer Posted / chartered accountant

Cash A/C Dr. Rs. 20000
Profit and Loss A/C Dr. Rs. 10000
To Sales A/C Rs. 30000

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