Question

Good sold to anand for cash - preparation jowrnal entry​

Answer 1

Answer:

Since Cash is mentioned,

the answer is:

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

To Sales A/C (Nominal Account)

(Being goods sold to Sailesh on credit)

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Explanation:

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Answer 2

Explanation:

cash a/c debited to rajan A/c