sold goods to Bhanu costing ₹10,000 in accounting equation
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Answer:
Debit. Credit
Bhanu a/c. 10,000
To sales a/c. 10,000
Explanation:
when you sell goods to bhanu you will be receiving the money. So your account should be credited ( in that case your account will be represented as sales a/c)
Simultaneously Bhanu will pay you the 10,000 rupees which goes out of her account.
when money goes out...in accounting term it is said debited
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