Accounting Process
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 December 2010
Dear Sir/Madam
Goods sold to A Rs.40,000; Goods purchased from Rs.33,000. Transfer entry is required for-
(a) 7,000
(b) 40,000
(c) 33,000
(d) 73,000
Ans:(c) 33,000
Please tell how to calculate and how to post the entry?
Goods sold to A Rs.40,000; Goods purchased from Rs.33,000. Transfer entry is required for-
(a) 7,000
(b) 40,000
(c) 33,000
(d) 73,000
Ans:(c) 33,000
Please tell how to calculate and how to post the entry?
CMA Ramesh Krishnan
(Expert)
18 December 2010
query not clear, what tranfer entry required in this
Sales entry required Rs.40000
Purchase entry required Rs.33000
Sales entry required Rs.40000
Purchase entry required Rs.33000
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