Accountancy, asked by nparendramodi1950, 1 year ago

Gopal sold goods to us... What will be the general entry?

Answers

Answered by SanyamTaneja
40
first of all its Journal Entry not general

now in books of Gopal,
Cash A/c or Our A/c. Dr.
To sales A/c

in our books
Purchase A/c. Dr.
To CashA/c or Gopal. (respectively)
Answered by isyllus
12

                                   Journal Entry

                                   In the Books of Our

Particular                         Dr.(Amount)         Cr.(Amount)

Purchase A/C      Dr.

       To  Gopal  A/C

(Being sale of goods)

Explanation:

BASIC RULES FOR JOURNAL  ENTRY

Increase in Liability (Credit)

Expenses is Debited

Aspect 1.  Purchase is expense for us and Expenses  will be Debited

Aspect 2.  we Purchased goods with gopal and gopal is our creditor and creditor will Increase and Increase in liability means Credit (above given)

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