Question

Pass Journal entry for the foll.
Transactions
date :16 april
transaction: cash sales of rs.1,20,000 of which banked on 20th april
Amount:1,00,000​

Answer 1

Answer:

16th april : Cash A/C..........Dr 1,20,000

To Sales A/C 1,20,000

20th april : Bank A/C.........Dr 1,00,000

To Cash A/C. 1,00,000