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1/3rd of the above goods sold …

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1/3rd of the above goods sold at a profit of 20percent on cost. Half the payment received in cash

    • Posted by Junaid Noori 8 years, 7 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Abhay Singh 8 years, 7 months ago

    If in accounting equation this is done such as 1/3 means 20000 of 60000 sold on 20 percent means 4000 profit means 24000 so 24000 written in cash and - 20000 written in goods and 4000 written in capital that's all in this equation

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