Question

journal entry of cash received from sale of goods which was deposited into bank on next day​

Answer 1

Answer:

sale acc....... dr

bank acc.... dr

to cash acc

Explanation:

sale account bcoz u sale the goods nd money came to u and according to rules of accounts "debit what comes in" whatever comes to us is always debited. bank acc dr bcoz bank recieved the money accounting rules says" debit the receiver" and here the receiver is bank. To cash acc bcoz cash is going from me and we r depositng it to bank and according to accounting rules "credit what goes out" money is going to bank from me