Question

good costing rupees 24000 sold at a profit of 1/4of sales half the payment is received in cash​

Answer 1

Answer:

cash account debit.. 15000

debtor account /bankdebit..15000

To sales account credit 30000

Explanation:

goods costing is 24000and we got profit of 1/4of goods it means 24000/4 we get 6000.. it means 6000 is profit and total amount we will be receive 30000 and half amount we received in cash ..

Note under question not specified half the amount in which form we receving that is why I had written bank/debtor