Question

Sold goods on credit to mr.mahendra ₹8000 at 12.5%TD

Answer 1

Answer:

mr.mahendra A/c dr. 7000

To sales A/c. 7000

Explanation:

If u sold goods on credit then u should write the name of creditor in the place of cash..

8000×12.5/100=1000

then, 8000-1000=7000

Answer 2

This transaction will be written in the subsidiary book.

Explanation:

Mr. Mahendra A/c is Dr.  to 7000

Its effect would be on personal account; Debit the receiver credit the giver.

Sales A/cc. 7000

If Mahendra has sold goods on credit then he should write the name of creditor instead cash.

Debit what comes in and credit was goes out in the business.

8000×12.5/100=1000

then, 8000-1000=7000