Question

X withdrew the goods for the marriage of his daughter ,Nalini,selling price of which was really. 800 (25 % is added to the cost for fixing the selling price) .
pass journal entry. If you don't know, then don't answer me .​

Answer 1

Answer:

drawings A/c. dr. 600 (25 percent of 800 as drawings are always taken at their cost price and not selling price)

to purchase A/c. 600 (as goods are withdrawn)

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Answer 2

Answer:

your answer is in above picture

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