heya mates !
journal Entry--
Sold goods costing ₹40,000 to Anil for cash at a profit of 25% on cost less 20% trade discount and paid cartage ₹100,which is not to be charged from customer.
Anyone who can help out with Journal Entries rn ?
I will be really thankful.
Try to answer last few questions of mine.
Answers
Answered by
7
heyaa,,,
________________________________
Journal entry will be:
Cash a/c Dr 40,000
cartage a/c Dr 100
to sale a/c 40,100.
(being good sold for cash)
_______^^__________^^___________
hope it helps...
nikijain2972005:
how can the amount of cartage be in sales
let me correct
sales will credited by 40,000 ....and cash will be credited by 100
Answered by
3
Heya mate !
a. Cash A/C Dr. 40,000
To sales A/C 40,000
b. Cartage A/C Dr. 100
To cash A/C 100
hope it helps
toh hi kisley
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