Sold good12000 profit in cash @25%
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debtor dr. 15000
to sales 15000
hope helped
then follow me or mark me as a brainlist...
to sales 15000
hope helped
then follow me or mark me as a brainlist...
Answered by
0
Sold goods on cash @ 25% profit
Journal entry
Cash A/c Dr 15000
To Sales A/c 15000
(Being sold goods on cash )
------------------------------------------------------------------
Calculation
cost = 12000
sales= cost + profit
= 12000+ ( 12000 * 25% )
= 12000+ 3000
= 15000
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