accounting entries...
Buy goods:
Cr. Cash 18
Dr. Asset 18
Goods sold:
Cr. Asset 18
Cr. Profit 3
Dr. Cash 21
Counterfeit:
Dr. Profit 100
Cr. Cash 100
Total Profit/Loss: 100-3=97
Cr. Cash 18
Dr. Asset 18
Goods sold:
Cr. Asset 18
Cr. Profit 3
Dr. Cash 21
Counterfeit:
Dr. Profit 100
Cr. Cash 100
Total Profit/Loss: 100-3=97