Question

Sold goods to arial and company 8000and to wheel and company 7000

Answer 1

Answer:

i). Arial and co. Dr. 8000

To sales A/c. 8000

(Being goods sold to arial and co)

ii). wheel and co. Dr. 7000

To sales A/c. 7000

(being goods sold to wheel and co)

Compound entry can also be passed for following :-

Arial and co. Dr. 8000

Wheel and co. Dr. 7000

To sales A/c. 15000

(being goods sold to Arial and wheel company respectively)

Answer 2

Compound Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit   Credit

               Arial and Company             A/c Dr.    8,000

               Wheel and Company          A/c Dr.    7,000

                To Sales                               A/c                        15,000

      (Being goods sold to Arial and company and Wheel and company )

Explanation: Goods cost 15,000 sold.

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