Question

In the business transaction “Goods sold to Ram on cash for Rs. 5,000” ___________ will be credited in journal.​

Answer 1

Answer:

sales alc will be credited in journal

Explanation:

Journal entry

Cash alc dr 5000

to sales alc 5000

Sales is credited as it goes out of the business (debit what comes in credit what goes out) under traditional approach

Under modern approach as sales show credit balance it should be credited to increase...

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Answer 2

Answer:

Sales alc is the answer