Question

Sold goods for cash at 6000$. These goods had cost 5000$.
Which 'T' accounts should I open to record this transaction in ledger account?

Answer 1

Answer:

Telivision u should opean

Answer 2

C.P = 5000$

S.P = 6000$

PROFIT =( 6000-5000)$ = $ 1000

THANK U