Question

sen of Chandigarh sold goods to SK Gupta rupees 30000 journal entry

Answer 1

sk gupta debit
To sales account. by 30000

Answer 2

In this type of entry, son of Chandigarh's sales account is debited by 30000 due to the sell of goods to SK Gupta, on the hand the SK Gupta's account is credited by 30000 due to the purchases of goods by cash from Son of Chandigarh, the goods bought should be recorded on the purchases account while the goods sold soul be recorded on the sales account respectively.