what are the entries when we sold goods on credit to some x
person ?
also when we sold goods for cash?
- 7 Answers
- 18740 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ankur jain
In first case the entey is:
X dr
Sales cr
And in second case the entry is:
Cash dr
Sales cr
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / accountant
cash a/c dr
TO sales a/c
for goods sold to mr x for cash/c
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / abdul sameen
X account
Cash receivable account
Cash account
sales account
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / jayesh
1. X A/C........DR
TO GOODS...CR
2. CASH A/C.....DR
TO GOODS..CR
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / sharyanch
X A/c Dr.
To Goods A/c
[ Being Goods Sold to X on Credit Basis ].
X A/c Dr.
To Cash A/c
[ Being Goods Sold to X on Cash Basis ].
| Is This Answer Correct ? | 2 Yes | 6 No |
Describe in brief introduction of Account.
how to upload ledgers in excel or word document
What is the procdure for a Dealer which is register in Delhi, to purchase good @2% from other states, and what form he has to use to brings goods in delhi
what is the difference between excise duty and customs duty.
what diff. between laibilities and provision?
How can you do credit control?
What methods do you use to discover sales opportunities?
Cheque in hand is current asset or fixed asset...?
What will be the Journal entry for these transaction- Sold goods costing Rs.20,000 for Rs.30,000 on cash
What are the advantages of double entry system?
What will be the entry in book, stock get destroyed in fire Of rs. 1, 00,000/- in two circumstances?
List of Indian accounting standards and international financial reporting standards
Audit 
