journalism the following in transaction in the books of Anand general Merchant
Answers
Answer:n 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 )
Explanation: