whats happening when you delivered the goods to customers

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whats happening when you delivered the goods to customers..

Answer / sunilk

Inventory account will be credited and Cost of Goods Sold
will be debited.

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whats happening when you delivered the goods to customers..

Answer / 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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1 No

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