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Leokris [45]
3 years ago
15

Goods sold to Mahesh Rs 20000 journal entries​

Business
1 answer:
eimsori [14]3 years ago
8 0

Answer:

see below

Explanation:

This transaction is affecting sales. It is increasing sales( revenue account) by Rs 20,000.  An increase in sales is recorded by crediting the sales account.

The goods are sold to Mahesh. It is an increase in accounts receivable ( asset account). An increase in assets is recorded as a debit to the asset account.

The Journal will be as follows.

 Mahesh A/c Dr. Rs. 30,000

   Sales A/c                                 Cr. Rs.20,000

 

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Answer:

The Kreidler Kids company has a producer surplus of $500.

Explanation:

Producer surplus can be described or calculated as the amount a producer is willing to supply or sell goods and the actual amount the supplier received.

For this question, the producer surplus can therefore be calculated as follows:

The amount Kreidler Kids company can produce swing sets = $1,000

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