Accountancy, asked by rubapalanisamy12, 7 months ago

bought from prakash sold to nath for cash-journal entry ​

Answers

Answered by sravankumarssk99
1

Answer:

For purchase from Prakash for cash

         Purchases A/c                          Dr

               to Cash A/c

________________________________________________________

For sale to nath for cash

         Cash A/c                                    Dr  

                to sale A/c

_________________________________________________________

Generally they are recorded seprately but if you perform both transactions for cash at same time then entry is

         Purchases A/c                           Dr

               to sale A/c

_________________________________________________________

Similar questions