Question

sale goods .what is it entry. ​

Answer 1

• answer is ..
• When you credit one account, you debit another. This means every transaction has a plus and minus added to respective accounts. When it comes to a sales entry, you first enter the sale as a receivable or as cash, which is a debit. You also enter a debit for the cost of goods sold.

Answer 2

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Definition Of Sale Of Goods Act. ... To purely define Sales of Goods Act, it is a contracts in which goods are sold and bought, it means whereby the seller transfer the property in the goods to the Buyer for a consideration called price.