Question

Sold goods costing 6000 rs to Ram for rs. 8000 .

What will be the journal entry of this.

Answer 1

Answer:

14ooo

Explanation:

8000

+ 6000

=14000

Answer 2

Ram A/c Dr    8000

To sales A/c   8000

(Being goods sold to Ram for ₹ 8000 on credit)

Explanation:

Cash is not mentioned so it is sold on credit. Ram is a personal account he is the receiver of goods therefore it is debited and sale is a nominal account which means the company will receive the income therefore it is credited. Ram will have to repay the amount after a certain period.

Journal entries will consist of the following,

• the account and amount that will be credited

• the account and amount that will be debited

• the appropriate date

• a short description/reference/memo

Learn more about journal entry  

Sold goods to ram for journal entries  

brainly.in/question/1718750  

Brought furniture from S.R furnisher against cash journal entry  

brainly.in/question/4697057