Question

Sold goods for credit cost price was 60,000 and real price was 75,000

Answer 1

Answer:

15000 loss

of

the cost

with

comparison

of real price

Answer 2

Answer: Goods will deducted by 60,000 / Debtors will increased by 75,000 And 15,000 will added in capital.

Explanation:

~ Cost price=60,000 - goods sold

~ Actual Sold price =75,000(including 15000 profit)

As goods sold on credit, it will added to assets side as debtors.

~profit =15000 will added to capital as it is income of business, still it is not received but we assumes that it will recover in future....