Submitted Questions

  • Clarification of Entry.

    We have purchsed 100 share by cheque and we have sold 200 share from our stock. Tell how can we give entry to accounts ?

    Ahem

    • Feb 25th, 2018

    When you purchase 100 shares : the entry will be : Inventory a/c DR Good Receipt Note CR GRN a/c DR Vendor Cr Vendor - DR Bank - Cr When You sold 200 Share the entry will be:- Cost of Gold...