Question

goods costing 48000 sold at profit 33.33% three fourth payment received in cash...
accounting equation
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Answer 1

Explanation:

cash a/c dr. 48000

debtor a/c 16000

to sales. 64000

note: sales - cost +profit

-48000+16000 (48000*33.33/100)

-64000

Answer 2

Answer:

Explanation:

Petty cash book is maintained to record petty expenses.

Hope it helps you.