Goods costing rs 24,000 sold at a profit of 100/3 % . Half the payment received in cash.
guptasaurabh200:
is this question is purely right.... because profit percentage should be 3/100 ..... I think
Answers
Answered by
3
heyaa,,
at first we need to calculate the the total profit
so, it will be
= 2400*33.33/100
= 7992.
now, this amount will added to the cost of product.
so,
= 24000+7992
= 31992.
it's journal entry will be;
cash a/c Dr 15996.
creditor a/c Dr 15996
to sale a/c. 31992
(being goods sold and 50% amount received)
_____________________________
☺☺☺
at first we need to calculate the the total profit
so, it will be
= 2400*33.33/100
= 7992.
now, this amount will added to the cost of product.
so,
= 24000+7992
= 31992.
it's journal entry will be;
cash a/c Dr 15996.
creditor a/c Dr 15996
to sale a/c. 31992
(being goods sold and 50% amount received)
_____________________________
☺☺☺
Similar questions
Science,
6 months ago
Math,
6 months ago
CBSE BOARD XII,
6 months ago
Accountancy,
1 year ago
Accountancy,
1 year ago
History,
1 year ago