Accountancy, asked by janmonig64, 1 year ago

Goods sold for cash rs 80000(cost of goods RS 50000)

Answers

Answered by anuritha
3

Journal entry

Cash A/c  Dr  80000

    To sales A/c               80000

(being sold for cash )

-----------------------------------------------------------------------------------------------------------------

Accounting equation

Decrease in stock by  50000

Increase in cash by 80000

Increase in capital by  30000

Therefore

Assets = capital + liabilities

30000 = 30000 + 0

Answered by Anonymous
0

Cash A/C. Dr. Rs.80,000


To Sales A/C. Rs.80,000


(Being goods sold for cash)

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