goods sold to kiran on credit rs 500 what is debited a kiran account b sales account c cash account d goods account
Answers
Answered by
2
Explanation:
Sales ac. dr. 500
to kiran ac. /500
bczz kiran is the creditor
Answered by
18
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)
Thanks :)
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