Goods sold to gopal entry
Answers
Answered by
17
for credit -
Gopal A/c.. Dr
To sales A/C
for cash -
cash A/c.. Dr
To sales A/C
hope it helps you
Gopal A/c.. Dr
To sales A/C
for cash -
cash A/c.. Dr
To sales A/C
hope it helps you
Answered by
8
3 golden rules
personal accounts - debit the received and credit the giver
real accounts -debit what comes in and credit what comes out
nominal accounts - debit all the expenses and losses, credit all the income and gains
as per the question 2 accounts affect sales account and gopal (debitor) account
Sales account - Nominal account
gopal account - Personal account
by applying the golden rules ,
sales is income to the company therefore its credited and gopal is debited because hes the receiver
Journal entry
Gopal A/c Dr
To sales A/c
(Being sold goods on credit )
Hope its useful..!!
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