Question

5. Sold goods to x on Credit_40,000

6. Sold goods on cash (cost Rs. 500) for_700

7. Goods costing Rs. 60,000 sold for Rs. 80,000 on credit​

Answer 1

Answer:

X a/c Dr 40000

to sales a/c 40000

cash a/c Dr. 700

to sales a/c 500

to profit on sales a/c 200

(persons name) a/c Dr 80000

to sales a/c 60000

to profit on sales a/c 20000