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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Answer / max
Revenue Journal Entry
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|
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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