Question

Good sold to mohan interprises by cash pass journal entry?

Answer 1

✍HERE IS YOUR ANSWER....⤵⤵
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$\pink{\bold{\underline{ANSWER}}}$ ➡

$\underline{\bold{TRANSACTION}}$ ➡

$Goods \: \: sold \: \: to \: \: mohan \: \: enterprise \: \: by \: \: cash$

$\underline{\bold{JOURNAL \: \: ENTRY}}$ ➡

$Cash \: \: A/C\: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: Dr. \: \: \: \: \: \: \: (Amount) \\ \\ \: \: \: \: \: \: \: \: \: \: To \: \: Sales \: \: A/C \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: (Amount)$

$[Being \: \: goods \: \: sold \: \:by \: \: cash]$

$\underline{\bold{ADDITIONAL \: \: INFORMATION}}$ ➡

$If \: \: the \: \: sale \: \: is \: \: made \: \: in \: \: cash \: \: then \: \: cash \: \: ac \: \: \\ will \: \: be \: \: debited \: \: and \: \: \: sales \: \: ac \: \: will \: \: be \: \: credited.$

$If \: \: the \: \: terms \: \: of \: \: sale \: \: is \: \: stated \: \: as \: \: in \: \: \\ cash \: \: and \: \: the \: \: name \: \: of \: \: the \: \: party \: \: to \: \: \\ whom \: \: goods \: \: sold \: \: is \: \: given \: \: then \: \: the \: \: \\ name \: \: of \: \: the \: \: party \: \: should \: \: not \: \: be \: \: \\ recorded \: \: because \: \: it \: \: is \: \: a \: \: cash \: \: transaction \: .$

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