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Pls explain 2(i)

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gopika sivaperumal

gopika sivaperumal

CA Foundation

4K+

27-Feb-21 12:44

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Answers (7)

Answer for this ques is Salaries A/C Dr. To purchase A/C How? Pls ð??? explain


gopika sivaperumal

gopika sivaperumal

CA Foundation

4K+

27-Feb-21 14:01

Answer for this ques is Salaries A/C Dr. To purchase A/C How? Pls ð??? explain

Employee a/c Dr 1,00,000 To sales a/c. 75,000 To profit on sales. 25,000 Salary a/c dr 75,000 To sales a/c. 75,000 This above journal entry is exact one


sai t

sai t

CA Foundation

290

27-Feb-21 14:15

Employee a/c Dr 1,00,000 To sales a/c. 75,000 To profit on sales. 25,000 Salary a/c dr 75,000 To sales a/c. 75,000 This above journal entry is exact one

Bro I think it's wrong bro y should we credit sales 2 times ?


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

27-Feb-21 15:58

Bro I think it's wrong bro y should we credit sales 2 times ?

because price is great than cost price so sales If it is less than cost price then Salaries a/c dr To purchase a/c Remaining Amount is profit (1,00,000-75,000) is transferred to employees


sai t

sai t

CA Foundation

290

27-Feb-21 16:09

Bro I think it's wrong bro y should we credit sales 2 times ?

2 entry by using matching concept


sai t

sai t

CA Foundation

290

27-Feb-21 16:26

2 entry by using matching concept

2nd


sai t

sai t

CA Foundation

290

27-Feb-21 16:26