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Leokris [45]
2 years ago
15

Goods sold to Mahesh Rs 20000 journal entries​

Business
1 answer:
eimsori [14]2 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:

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Explanation:

Given:

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Computation:

First payment [7 years from now ]

So,

Present Value = $1,400(1/1.08⁶)[1 - (1/1.08)²⁵] / 0.08

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Answer:

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What's price in economics
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the amount of money that has to be paid to acquire a given product.

<em>I hope this helps! ^^</em>

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