Question

Goods costing to 140000 was sold for 162500 on credit

Answer 1

Answer:

debtor's a/c. Dr. 162500

to sales a/c. 162500

Answer 2

Answer:

Purchase stock = 140000

and, 162500 sold as profit of 22500

So, purchase a/c Dr 140000

to cash a/c. 140000

Debtor a/c. Dr. 162500

to sale's a/c. 162500