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Goods costing rs. 40000/- sold at …

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Goods costing rs. 40000/- sold at a profit of 20% .what will be the journal entry

    • Posted by Ritu Agarwal 6 years, 5 months ago

    CBSE > Class 11 > Accountancy
    • 3 answers

    Prerna Dagur 6 years, 5 months ago

    Cash A/C Dr. Rs.48,000 To sales A/C Rs.48,000 (Being goods sold for cash) Selling price =Cost of goods + Profit =Rs.40,000 +20%(40,000) =Rs.40,000 +8,000 =Rs.48,000

    3Thank You

    Ritu Agarwal 6 years, 5 months ago

    Thankyou

    0Thank You

    Priyanshu Jha 6 years, 5 months ago

    cash A/C Dr. 48000 To profit and loss A/C 8000 To sales A/C 40000

    0Thank You

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