Question

1.
When goods are sold in cash, the entry will be recorded in :
A)cash book
B) purchases book
C) profit and loss account
D) sales book​

Answer 1

Answer:

cash book

Explanation:

Since Cash is mentioned,

the answer is:

Cash A/C …… dear (Real Account; debit what comes in, credit what goes out)

To Sales A/C

(Being goods sold to Sailesh in cash)

If cash was not mentioned, we would be selling on credit. So, it would have been:

Sailesh A/C …….. dear (personal account; debit the receiver, credit the giver)

To Sales A/C (Nominal Account)

(Being goods sold to Sailesh on credit)

Answer 2

Answer:

cash bock is the right answer