goods sold to jacket for 5000 and received a bill receivable for the same amount of this month
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Journal entry would be:
Bills receivables Account Dr. 5,000
To Sales Account 5,000
In accounting equation, profit percentage is not given hence assuming that goods were sold on cost.
Equation would be:
Add Bills receivables on assets side and reduce stock on assets side.
Bills receivables Account Dr. 5,000
To Sales Account 5,000
In accounting equation, profit percentage is not given hence assuming that goods were sold on cost.
Equation would be:
Add Bills receivables on assets side and reduce stock on assets side.
kavita6444:
or app Mari problems ko solve Karo g
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