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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Answer Posted / satyanarayana raju
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
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GOODS LOST BY FIRE 100 RS, INSURANCE MONY RECEIVED 120,40 PENDING FOR FINAL SETTLEMENT- Journal Entry
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