Question

Journalize the transaction for the following:
1)Cash sales Rs. 5000 were deposited in Savings A/c

Correct answer shall be marked as brainliest!!​​ The one who answers it correctly, I will follow him....Its urgent!!

Answer 1

Explanation:

Thanks for free points

Answer 2

Answer:

Journal entry :

Savings a/c Dr. 5000

To Sales a/c. 5000

As savings a/c is called bank a/c Then , journal entry also be like :

Bank a/c Dr. 5000

To Sales a/c. 5000

( Cash sales Rs. 5000 were deposited in savings a/c )

Journalising :

The process or acts of recording transaction chronologically in the journal is called Journalising.

• It is a book of first or prime entry as all transactions are recorded first in the journal.

• Balancing is not done in the books of original entry.

• Source documents form the basis for writing books of original entry.

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