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how to pass journal entry when cash received in the form of
gold or other form?

Answers were Sorted based on User's Feedback



how to pass journal entry when cash received in the form of gold or other form?..

Answer / ca mohit bhatia

Gold A/c Dr.
To Debtor A/c

Since I am assuming that you have received the payment in
form of gold rather than cash.

When you will sell the gold and realize the cash, entry will be

Cash A/c Dr.
To Gold A/c

Is This Answer Correct ?    9 Yes 0 No

how to pass journal entry when cash received in the form of gold or other form?..

Answer / c.ganesh

Cash a/c dr
to gold

Is This Answer Correct ?    7 Yes 2 No

how to pass journal entry when cash received in the form of gold or other form?..

Answer / rashid

GOLD A/C DR
TO SUNDRY DEBTOR A/C

Is This Answer Correct ?    1 Yes 0 No

how to pass journal entry when cash received in the form of gold or other form?..

Answer / p. vedha

GOLD A/C DR
TO CASH

Is This Answer Correct ?    4 Yes 8 No

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