Accountancy, asked by kunalkumar5, 1 year ago

journal entry of good sale on credit

Answers

Answered by Saadistic
1
Account receivable Dr
sales. Cr

reason: account receivable is your asset while sales are your revenue so as per the rules increasing in revenues by making sales causes Sales Cr while after selling goods on credit the customer said to you that he'll pay the amount of your sales later amd you agreed on it orally that makes your increment in assets

Answered by Anonymous
1
Debtors a/c Dr.
To sales a/c
(being goods sold on credit)
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