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what is the journal entry for credit sale and credit
purchase?
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Answer Posted / mohammed farooque
Credit sale entries
Party A/c Dr xxxx
Sales A/c Cr xxxx
Cash A/c Dr xxxx
Party A/c Cr xxxx
Credit Purchase entries
Purchase A/c Dr xxxx
Party A/c Cr xxxx
Party A/c Dr xxxx
Cash A/c Cr xxxx
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