WebJun 15, 2024 · Write the journal entry 1 Sold goods costing 60000 to dinesh against cheque at a profit of 40%on cost less 20%trade discount and paid carriage 500 (not to be charged … WebQuestion 24: Record journal book of Kanishk Traders. Sold goods costing Rs. 1,20,000 to Charu at a profit of 33 1/2% on cost less 15% Trade Discount. Sold goods costing Rs. 80,000 to Arun against cheque at a profit of 25% on cost less 15% Trade Discount. Paid by cheque Rs. 8,400 as insurance premium for a period of 12 months starting 1st August ...
Journal Entries questions for Practice - Important 2024
WebNov 22, 2024 · 4. Goods Sold for cash ₹ 8,00,000 at 25% trade discount and 6% cash discount. Question 12. Enter the following transactions in the Journal of CHARU: 1. Goods … WebThe sold merchandise on account will result in the increase of both total revenues and total assets on the day of selling the merchandise. Additionally, if we use the perpetual … smart building standards
Journal Entry for Goods Sold Goods Sold in Journal Entry
WebFeb 6, 2024 · A disposal can occur when the asset is scrapped and written off, sold for a profit to give a gain on disposal, or sold for a loss to give a loss on disposal. Disposal of Fixed Assets Double Entry. To illustrate suppose a business has long term assets that originally cost 9,000 which have been depreciated by 6,000 to the date of disposal. WebSep 2, 2024 · A sales journal entry records the revenue generated by the sale of goods or services. This journal entry needs to record three events, which are the recordation of a sale, the recordation of a reduction in the inventory that has been sold to the customer, and the recordation of a sales tax liability. The content of the entry differs, depending on whether … WebGive the Journal entries in the books of Dinesh and Shridhar. accounting for bills of exchange; class-11; Share It On Facebook Twitter Email. 1 Answer +1 vote . answered Sep 2, 2024 by PujaBharti (55 .9k points) selected Sep 2 ... A sold goods to B on 1st September, 2024 for Rs. 16,000. B immediately accepted a 3 months bill. asked Sep 2, 2024 ... smart building strategies llc