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What will be the Journal Entry for the following Example Goods sold to Geeta for Rs. 40000 with Interest?
Wiki User
∙ 9y ago
debit Geeta 40000
credit sales revenue 40000
Wiki User
∙ 9y ago
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How much interest a year on 40000?
400
How much interest will you earn on 600000?
40000
What is journal entry for goods sold costing Rs40000 to Anil at a profit of 20 percent on sales?
by anil dr -------40000 to sale cr---------40000
What is 5 percent interest of 40000 dollars?
2000
What is the future value of 40000 with 5 percent interest in 5 years?
The face value is 40000*(1.05)10 = 65156 approx.
What is the future value of 40000 dollars with 5 percent interest in 10 years?
The face value is 40000*(1.05)10 = 65156 approx.
How much must you invest today to get 40000 interest annually?
That's going to depend on all of the following: -- what interest rate you can find -- how often the interest on the investment is compounded -- how you take your 40,000 annually ... how much and how often during the year. You haven't included any of that information in the question, so no answer is possible.
How much interest does 40000 generate in a savings account?
There are four factors which determine the answer to "how much interest does 40,000 generate in a savings account". Namely, r - The rate of return the savings account pays k - The rate of compounding t - The length of time the money resides in the account P - the principal involved, in this case, $40,000 The formula for the balance, B, is generally expressed as a function of time, t B(t) = P [ 1 + (r/k) ] kt If the rate is 5%, compounded monthly for one year then the formula becomes B(1) = 40000 [ 1 + (0.05/12) ] ) 12x1 B(1) = 40000 [ 1 + 0.0041666 ] 12 B(1) = 40000 [ 1.0041666] 12 B(1) = 40000 ( 1.0511619 ) B(1) = 42,046.48 The amount of interest earned for that time frame is the difference between the final balance and the principal you started with or (42046.48 - 40000) which equals 2,046.48 Alternatively, you can use the basic formula for interest which is i = Prt which gives us i = 40000 x 0.05 x 1 i = 2,000 however, with this simple interest formula the effects of compounding are neglected. It is also possible for interest to be compounded continuously in which case we add the value e (e ~ 2.71828183) into our original equation or, B(t) = Pert B(t) = 40000e(0.05x1) B(t) = 40000 x 1.05127 B(t) = 42050.84 in which case our interest earned is 42050.84 - 40000 or $2,050.84. This is $4.36 more than if our money were only compounded monthly.
What is the 1 percent of 40000?
1 percent of 40000 = 4001% of 40000= 1% * 40000= 0.01 * 40000= 400
How much interest will you earn in a year on 1000000 at 4 percent per year?
You will earn 1000000*4/100 = 40000.
WHAT IS 3.5 percent OF 40000?
3.5% of 40000= 3.5% * 40000= 0.035 * 40000= 1400
What is 22 percent out of 40000?
22% of 40000= 22% * 40000= 0.22 * 40000= 8800
