Question

Journalise the following transaction in the books of anand general merchants April 7 2019 sold goods of rupees 10000 to suresh

Answer 1

Answer:

cash a/c. ........... dr.

To suresh a/c

Explanation:

as Anand received cash so rule dr. what comes in applying on it

Answer 2

JOURNAL ENTRY

Explanation:

in this Question we pass journal Entry

for Journal Entry we have some basic rules

Increase in Asset (Debit)

Decrease in Asset (credit)

Revenue will be credited

Ok, Transaction is :  sold goods of rupees 10000 to suresh

There are 2 Aspect in above transaction

Aspect 1. Our Debtor (suresh) is Increased due to Credit sale so Debtor (suresh)  is our  Asset, and Rule is Increase in Asset (Debit)

Aspect 2.  we are doing sale and  sale is Our Revenue and Rule is Revenue will be credited

Now main part of question

In the books of anand general merchants

Journal

Date        Particulars                    LF           Dr.(Amount)           Cr.(Amount)

1.4.2019    Suresh A/C      Dr.                             10000

                     To Sale A/C                                                                10000

(Being sold goods of rupees 10000 to suresh )

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