sold goods of rs10000 to dravid & a bearer cheque received for 50% amount journal entry
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explained by -YAMRAAJ
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Journal entry
Bank A/c Dr 5000
dravid A/c Dr 5000
To Sales A/c 10000
((being sales made to dravid and made 50% payment through cheque )
Explanation:
Bank A/c - personal account , receiver of cheque therefore its debited
Dravid A/c - personal account , receiver of goods therefore its debited
sale A/c - nominal account ,its a income therefore its credited
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