Question

journal entry of cash sales​

Answer 1

Answer:

of what there is sale

Explanation:

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Answer 2

Explanation:

According to Modern approach.

Here is two accounts ——cash a/c and sales a/c

Name of account cash a/c ,

Nature of account asset A/c and effect on nature of account Asset(cash) increase

Name of account Sales A/c, Nature of account Asset A/c aand effect on nature of account Asset (goods)decrease

Now journal entry……

Cash A/c ………….Dr

To sales A/c

According to Traditional approach : english system

Application of golden rule ..

Cash and sales account are real account .

Debil what comes in ,credit what goes out cash ac . Dr. And sales ac. Cr.

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