A sales of goods to Ram for cash is debited to
Answers
Answered by
16
Answer:
Cash account
Explanation:
contact Rahul Sir @ 7007633645 for zoom classes
Answered by
1
A sale of goods to Ram for cash is debited to Ram's account.
- Ram is the receiver of the goods, and his personal account has been debited as a result. "Debit the Receiver."
- According to the personal account rule, the sales account will be credited according to the nominal account regulation.
Personal account:
- These account types are linked to individuals.
- These people could be real people.
Nominal account:
These account kinds are associated with earnings or gains, as well as expenses or losses. Example: - Rent a/c.
Similar questions