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Ralph buys an antique vase for $400 and sells the vase for $600. How does he enter the profit or loss in his account book?

Ralph buys an antique vase for $400 and sells the vase for $600. How does he enter the profit or loss in his account book?
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4 votes
Ralph buys an antique vase for $400 and sells the vase for $600. How does he enter the profit or loss in his account book?

User Scott Hunter
by
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2 Answers

6 votes
He will profit $200 in his account book
User Saransh Malik
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8.7k points
4 votes
He profits 200$ hope this helps
User Efi G
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7.7k points
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