Question

Journal entries for sold to mr B

Answer 1

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

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reason for debit and credit

Mr B A/c - personal A/c , where Mr B is the receiver of goods , therefore its debited

Sales A/c - Nominal A/c, its the income to the company , therefore its credited

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Journal entry

Mr B   A/c     Dr  

          To sales A/c

(being sold goods to Mr B)

Answer 2

hey mate


as per the 3 golden rules

we will dr mr B and will credit the sale account

Mr B is debited because the business have to receive something from him/her

and sale is credited as it is a nominal account




the journal for this will be


Mr B a/c dr xxx

to sales a/c xxx

(being goods sold to Mr B)