whats happening when you delivered the goods to customers
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Answer Posted / nazeer ahammed
Here sale process is taking place it is bills receivable
transaction.
when goods are delivered, goods are sold it means goods are
outging,so as per accounting rule debit what comes in and
credit what goes out.
so, outgoing goods are to be credited as sale a/c
when goods are received by customer, in our accounts he is
a sundry debtor, so as per accounting rule debit the
receiver and credit the giver.
so, the receiver is to be debited as sundry debitor's a/c
The transaction is:
sundry dr's a/c dr xxxxxxxx
To sales a/c xxxxxxxx
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