Question

Stock costing ` 3,000 and market price `4,000 was sold at ` 8,000. Entry will
be
A. Stock A/C Dr to Purchase A/C by ` 3,000
B. Sales A/C Dr to Stock A/C ` 4,000
C. Purchase A/C Dr. to cash A/C by & ` 3,000
D. cash A/C Dr to Sales A/C ` 8,000

Answer 1

Answer:

c purchased ac Dr to stock ac by 40000