Question

Cash sales rs 15000 amount received by cheque which was deposited in bank​

Answer 1

Answer:

Cash Rs. 12,000

Sales (Revenue) Rs. 12,000

To Record sales of Items removed from inventory.

Any good software program, combined with a well thought out Chart of Accounts will minimize any difficulty this may present. Also note that if the sales is denoted in a foreign currency. it may be necessary, and prudent, to record it in the relevant currency, using the appropriate exchange rate, which your bank will gladly give you.

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