Question

goods sold for credit to rahim journal entry

Answer 1

RAHIM A/C.. DR.
TO SALES A/C..
( BEING SALES ON CREDIT)

Answer 2

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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reason for debit and credit

Sales A/c - Nominal A/c, income to the company therefore its credited

Debtors A/c - personal A/c , rahim is receiver of goods , therefore its debited

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Journal entry

Rahim A/c Dr

To sales A/c

(being credit sales made)

Hope its useful..!!