What is the journal entry for goods sold to Mr A in 1 month
credit of rs 5000. and also pass entry for non repayment of
money after 1 month by Mr A. (What entry will come for this?)




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What is the journal entry for goods sold to Mr A in 1 month credit of rs 5000. and also pass entry ..

Answer / amit kumar tiwari

A Dr. 5000.00

To Sales Account 5000.00

(Being Goods Sold on Credit invoice No....... for one month
credit)

there is only one entry pass coz no need for repayment entry

Is This Answer Correct ?    22 Yes 0 No

What is the journal entry for goods sold to Mr A in 1 month credit of rs 5000. and also pass entry ..

Answer / max

Revenue Journal Entry
Debit Credit
Accounts Receivable 5,000.00
Sales REvenue 5,000.00
To record Sales on account

No entry to be passed for non repayment. The 5,000.00 collectible will still remain in Accounts Receivable

Is This Answer Correct ?    8 Yes 8 No

What is the journal entry for goods sold to Mr A in 1 month credit of rs 5000. and also pass entry ..

Answer / simarvir

Mr.A a\c dr 5000
To sales a\c 5000


cash a\c dr 5000
To Mr.A a\c 5000

Is This Answer Correct ?    7 Yes 11 No



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