Question

sold goods: cash sales Rs.1000 and credit sales Rs.4000 (journal entries)​

Answer 1

Answer:

Sales are a part of everyday business, they can either be made in cash or credit. In a dynamic environment, credit sales are promoted to keep up with the cutting edge competition. Accounting and journal entry for credit sales include 2 accounts, debtor and sales. In case of a journal entry for cash sales, a cash account and sales account are used.

Answer 2

Answer:

Answer:

Sales are a part of everyday business, they can either be made in cash or credit. In a dynamic environment, credit sales are promoted to keep up with the cutting edge competition. Accounting and journal entry for credit sales include 2 accounts, debtor and sales. In case of a journal entry for cash sales, a cash account and sales account are used.