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?)
- 3 Answers
- 12551 Views
- Airtel, Siemens, I also Faced
- E-Mail Answers
Answer Posted / 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 ? | 23 Yes | 0 No |
Post New Answer View All Answers
record the following transaction in the various books of accounts F Black loan us $5000 paid by cheque.
What is the fictitious assets?
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
How to pass journal entry of gifts purchased for employee by using campany ATM card
what is loan operations and what are the complete process form from making customer to closure of loan
Tell me the meaning of long-term notes payable is or long term liabilities?
What are the basic assumptions in accounting?
Tell me by saying, perpetual or periodic inventory system; what do we mean?
Ledger Enteries
What we have to post entry for payroll processing ? (Indian payroll)
Tell me what is gaap?
Tell me what steps would you take to increase revenue for this company?
I am working in govt. sec. How to make journal entry in books for Fix Deposit
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
