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4) What is Journal Entry of 1) Credit Sales.
2) Credit sales
with Discount.
3) Credit sales
with VAT.
4) Outstanding
Rent paid.
5) Credit Purchase.
6) Out
standing wages paid.
7) Bank over draft
8) bank charges
9) Dishonor check
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Answer Posted / b.narasimha rao
CUSTOMR OR DEBITER A/C DR
TO SALES A/C
CUSTOMR OR DEBITER A/C DR
DISCOUNT ON SALES A/C DR
TO SALES A/C
CUSTOMER OR DEBTER A/C DR
TO SALES A/C
TO VAT A/C
RENT A/C DR
TO OUSTSTANDING RENT A/C
PURCHASE A/C DR
TO CREDITER A/C
WAGES A/C DR
TO OUTSTANDING WAGESPAID A/C
BANK A/C DR
TO BANK OVER DRAGT A/C
| Is This Answer Correct ? | 156 Yes | 23 No |
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