Question

Goods costing rupees 10000 sold to ram for rupees 12000 journal entries

Answer 1

Answer:

Ram' a/c. dr. 12000

to sales. a/c. 10000

to profit a/c. 2000

Answer 2

Answer:

Sales Price = (10,000+20%=12,000−10%)=Rs 10,800(10,000+20%=12,000−10%)=Rs 10,800

WN 2: Calculation of Purchase price and Sales price 

Purchase Price =(50,000−15%) Rs 42,500Sales Price =(42,500+25%=53,125−10%)=Rs 47,812.5

Explanation:

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