Question

What is the journal entry for sold for cash 450,000 costing 250,000?

Answer 1

Answer:

cashA/c....dr To purchaseA/c To profitA/c

Answer 2

Answer: Hey mate here is your answer

Explanation:

CashA/c...............dr. 4,50,000

To profit & loss A/c 2,00,000

To salesA/c 2,50,000

( being sales goods and get profit)

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