Register now or log in to join your professional community.
Cash/Bank/Bills Receivable A/C 11000
To Furniture A/C 11000
This records sale of furniture in case it is a fixed asset.
If it was intended for sale purpose then
Bills Receivable A/C DR 11000
COGS A/C DR 10000
Sales A/C CR 11000
Inventory A/C CR 10000
cash a/c dr 11000
to furniture 11000
Sale of furniture worth 10000 with a profit margin of 10% is 9090.90.
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.