sold merchandise at rs 11,000 price and received in cash 9,000
what will be the journal entry
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Answer / sajal pal
cash a/c...........dr. 9000
loss on sale a/c...dr. 2000
To sale of merchadise a/c 11000
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Answer / vijay
CASH A/C DR.9000
DEBTOR A/C DR.2000
TO SALES A/C. 11000
(WHEN SALES MADE)
BAD DEBTS A/C DR 2000
TO DEBTORS A/C. 2000
(BEING AMOUNT NOT RECEIVABLE)
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