Question

sold goods for cash 40000 costing 30000 journal entry​

Answer 1

Cash A/c Dr. 40000

To goods A/c 30000

To P/L A/c 10000

Answer 2

Answer:

               In the books of journal entry

date  particulars             L / F      amount     amount

         Cash A / C      Dr.                   40000

                To, goods A/C                                 30000

                To, P/L   A/C                                     10000

[ being the goods sold in cash for Rs. 40000 ]

Explanation:

As Goods sold for cash Rs. 40000, so cash increased, that is why cash debited in the journal account and the profit amount Rs. 10000 credited with the cost of goods amounting Rs. 30000...