Question

Bought goods worth Rs 2100 from Ramesh and supplied them to Suresh at Rs 3000

Answer 1

Answer:

profile Rs 900 to whom who bought goods rs 2100 and sale rs 3000

Answer 2

The answer with entries are explained below.

Explanation:

Purchase A/c Dr. 2100

    To Ramesh A/c  2100

This entry is for purchase of goods from Ramesh. Purchase account is debited as its is our expense and Ramesh account is credited as it has become our creditor.

Suresh A/c Dr. 3000

   To Sales A/c   3000

This entry is of sales of good to Suresh. Here Suresh account is debited as he has become our debtor and sales account is credited as it is our income.

Here you should note that 900 is our profit and which can be transfer to profit and loss account.