how to pass journal entry when cash received in the form of
gold or other form?

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how to pass journal entry when cash received in the form of gold or other form?..

Answer / ca mohit bhatia

Gold A/c Dr.
To Debtor A/c

Since I am assuming that you have received the payment in
form of gold rather than cash.

When you will sell the gold and realize the cash, entry will be

Cash A/c Dr.
To Gold A/c

Is This Answer Correct ?    9 Yes 0 No

how to pass journal entry when cash received in the form of gold or other form?..

Answer / c.ganesh

Cash a/c dr
to gold

Is This Answer Correct ?    7 Yes 2 No

how to pass journal entry when cash received in the form of gold or other form?..

Answer / rashid

GOLD A/C DR
TO SUNDRY DEBTOR A/C

Is This Answer Correct ?    1 Yes 0 No

how to pass journal entry when cash received in the form of gold or other form?..

Answer / p. vedha

GOLD A/C DR
TO CASH

Is This Answer Correct ?    4 Yes 8 No

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