paid carriage on purchase 500and on sales 800 for journal entry
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Yes 500 and 800
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In the exam we have to post different journal entry to get more marks
1. For sales - cash account dr. - 800
To sales account - 800
2. For expense - expense account dr. - 500
To cash account - 500
Remember this is only for journal entries when you do ledger
Posting or accounting treatment you have to add expense (500) in sales (800) just because it occurs in sales transaction but this expense is not considered as selling expenses (selling expenses - like , advertisement expense )
1. For sales - cash account dr. - 800
To sales account - 800
2. For expense - expense account dr. - 500
To cash account - 500
Remember this is only for journal entries when you do ledger
Posting or accounting treatment you have to add expense (500) in sales (800) just because it occurs in sales transaction but this expense is not considered as selling expenses (selling expenses - like , advertisement expense )
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