i have some doubts while preparing trading and p/l accounts for single entry system
question mai dia hua hai ki cash sales are 33.1/3% of net credit sales, or fir solution mai author ne 25% of total sales lia hai , aisa kyu? or kaise banate hai ye equation?
2nd question hai ki sales returns are 1/7 of gross credit sales, and again solution mai 1/6 of net credit sales lia hai author ne, vcan u help me out ?
21 April 2011
25% of total being cash sales balance 75% would be credit sales; therefore, cash sales is 33-1/3% of credit sales i.e. 25 divided by 75 into 100 = 33-1/3%
CAclubindia
