Question

(sold goods on credit rs 3000 with gain rs 200) required journal entry​

Answer 1

Answer:

Ram's A/c_Dr (6000)

To Sales A/c (6000)

(Being goods sold to Ram on credit)

Reason : Ram(Debtor) Account is debited because it increases the balance of Debtors(Assets) Account and Sales(Revenue) Account is credited because it increases the balance of Sales(Income) Account.

Explanation:

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Answer 2

Answer:

2800

Explanation:

cp is 2800

but sold price is 3000

that's why he gain profit of 200

gain = cp - sp