Check sibling questions
Accounts and Finance
Step 1 Basic of Accounts - Debits and Credits

Q 2 - Suppose a shopkeeper purchases goods for 10000 and sells for 8000 What is Purchase,Sales and Profit?

View Answer

If there is Profit in P&L,it is shown on Left Side
If there is Loss,it is shown on Right Side

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Davneet Singh

Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 12 years. He provides courses for Maths and Science at Teachoo.