what are the entries when we sold goods on credit to some x
person ?
also when we sold goods for cash?
Answer Posted / 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 |
Post New Answer View All Answers
what is the process of cenvat credit taken in service tax( in direct & indirect service)
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
Define the term material facts in accounting?
goods worth rupees 440 distributes free among the poor?
What is recording damage inventory in books of account?
what is the accounting treatment in tally of free goods received with goods purchased.
Give Any three special cases of computation of capital Gain U/s 45(1A) to 45(6)?
Unrealised profit will be debited to ?
How is an accounting department structured?
i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???
adjustment entry showing in tally such as outstanding salary prepaid salary etc.
What is liabilities and what all does include in current liabilities?
In which ways is math used in accounting
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
Do you know what are trade bills?