Accountancy, asked by sayeshakhanaa, 7 months ago

journalism the following in transaction in the books of Anand general Merchant

Answers

Answered by jhonnygammer

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:

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