Question

goods from Dheeraj on credit for 15000 of which half were invoiced to Salman Khan at 20% above cost journal entry​

Answer 1

Answer:

Explanation:

1. PURCHASE A/C DR     15000.00

      TO DHEERAJ'S A/C         15000.00

  (BEING GOODS PURCHASED FROM DHEERAJ)

2. SALMAN KHAN A/C DR   9000.00

       TO SALES A/C                    9000.00

 (BEING HALF OF THE ABOVE PURCHASE INVOICED TO SALMAN @ 20% ABOVE COST)