Question

Please do help me I need it now no tp plzzz.....
The 7th one
The answer to the question is
Suresh account debit
To sales account credit
But can you tell why we are writing sales over there and not writing goods????

Answer 1

Explanation:

all the goods are for sale purpose they are not for personal use.when the word goods is written it maens these goods are for sale purpose . when the name of some thing is written it means its a asset. when the asset is sold so we didn't write sales but when we sold goods we write sales.in accounts the word sales and name of a thing have a different meaning.

FOR EXAMPLE-

suppose we have a cloth shop and we sold clothes so in books of accounts we wrote-

cash a/c dr.

to sales a/c

but in a cloth shop if we sold our computer tgen it should be recorded as-

cash a/c dr.

to computer a/c.