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what are the entries when we sold goods on credit to some x
person ?

also when we sold goods for cash?































Question Posted / prasad_trp

Answers were Sorted based on User's Feedback



what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / guest

Mr X
To Sales

Cash
To Sales

Is This Answer Correct ?    33 Yes 3 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / sirisha

x a/c dr
to sales
( being goods sold to x )

Is This Answer Correct ?    26 Yes 3 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / ankur jain

In first case the entey is:

X dr
Sales cr

And in second case the entry is:

Cash dr
Sales cr

Is This Answer Correct ?    13 Yes 0 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / accountant

cash a/c dr
TO sales a/c
for goods sold to mr x for cash/c

Is This Answer Correct ?    5 Yes 2 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / abdul sameen

X account
Cash receivable account

Cash account
sales account

Is This Answer Correct ?    2 Yes 0 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / jayesh

1. X A/C........DR
TO GOODS...CR

2. CASH A/C.....DR
TO GOODS..CR

Is This Answer Correct ?    2 Yes 4 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / 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

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