Question

3.1 Following information is provided:
Sold goods to Rita for cash Rs.10,000 and on credit rs 15000
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Answer 1

Answer:

Given :-

Sold goods to Rita for cash Rs.10,000 and on credit rs 15000

Need To Find :-

To sells A/c

Solution :-

We are knowing that

To sells = Sold Goods Rupees + Credit on it

Sold Goods Rupees

Cash A/c = ₹10,000

To Sells = 10000

Now,

Credit A/c = 15,000

Credit A/c = 15000

Now,

By Adding

$\large \sf \: 10000 + 15000 = 25000$

Answer 2

Solution :-

• Sold goods to Rita for cash Rs.10,000

Cash A/c Dr. Rs.10,000

To Sells A/c. Rs.10000

• Sold goods to Rita on credit Rs.15,000

Sita A/c. Dr. Rs.15000

To Sells A/c. Rs.15000

Let's combined both the journal entries

Cash A/c Dr. Rs.10000

Sita A/c Dr. Rs.15000

To Sells A/c. Rs.25000

Basic Information :-

• Pᴇʀsᴏɴᴀʟ Aᴄᴄᴏᴜɴᴛ

Debit all the receiver and credit all the giver

• Rᴇᴀʟ Aᴄᴄᴏᴜɴᴛ

Debit what comes in and credit what goes out

• Nᴏᴍɪɴᴀʟ Aᴄᴄᴏᴜɴᴛ

Debit all the expenses and losses, credit all the income and gains

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