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dlinn [17]
3 years ago
6

What is journal entry for purchase goods from ram on cash rs 4000​

Business
1 answer:
valentinak56 [21]3 years ago
6 0

Answer:

Purchased a/c ........Dr. rs.4000

To, cash a/c rs.4000

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Answer:

(b) Shane has to pay $20,000 to Morgan for breach of contract

Explanation:

In the situation, it is given that Shane decides to quit as he gets another job so he breaks the contract instead of finishing his work on time.  

Due to breach of contract, Shane has to pay $20,000 to Morgan because it is written in the party that if any party breaks the contract than he has to pay the amount. But due to some unnatural causes, no one has to pay.  

In the given case, Shane has deliberately broken the contract so it is compulsory to pay the $20,000 to Morgan.  

Hence, option b is correct

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Answer:

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What is lump sum payment?
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I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
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