Question

Good costing rs 30000 sold at 100% profit 50% sales are cash sales.

Answer 1

Answer:

Cash A/c   Dr      30000

Sundry Debtors A/c  Dr   30000

     To Sales A/c                  60000

Explanation:

Cost price of goods is 30000 and profit incurred on same is 100%. Thus profit in same case will be 100% of 30000=30000

Thus the selling price will be 60000

The sales for cash is 50% and so the rest 50% will be on sundry debtors account.