journal entries..
1. sold goods for cash $2500
2. sold goods for $5000 on credit
3. received from customer
4. paid creditors $5000
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1. CASH A/C DR
TO SALES A/C
2. DEBTORS A/C DR
TO SALES A/C
3. CASH A/C DR
TO DEBTORS A/C
4. CREDITORS A/C DR
TO BANK A/C
| Is This Answer Correct ? | 59 Yes | 5 No |
Respected guest try to learn about the natural positions
of ledger accounts and then answer
Suppliers, laibilities and income are always Debit natured
and cash is always on debit if you want to decrease the
value or close you have to reverse the natural positions. I
wrote a book specially designed to educate the commerce
students in depth if you want that pl send your mail
address to me
satyaki_raju@yahoo.co.in
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / guest
sals A/c Dr $2500
To cash A/c $2500
sales A/c Dr $5000
TO Debtors A/c $5000
Cash A/c Dr $2500
To Customers A/c $2500
Cash A/c Dr. $5000
to Creditors A/c $5000
| Is This Answer Correct ? | 7 Yes | 24 No |
Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.
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Audit 
