journal entry of cash sales to ramesh
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Ramesh started business with cash. Paid into bank ... To Sales. 80,000. (Cash sales for the month of April). Apr 30. Rent A/c. Dr. 5,000 ... Pass Journal entries for the above transactions
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In the case of a cash sale, the entry is: [debit] Cash. Cash is increased, since the customer pays in cash at the point of sale. [debit] Cost of goods sold.
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