Question

Sold goods to Karen of 75000 and cheque received

Answer 1

Bank a/c. Dr. 75,000

.... TO Cash a/c...... 75,000


[. Being goods sold to karan on cheque ] °°

When ever cheque word in transaction it means bank account increased or decrease..

In above journal entry business sold goods i e creditor to someone in terms of geeting goods hence sales account is credited for business and cash is received by business in cheque form hence bank account is debited...

Answer 2

bank account dr. 75000
to sales account 75000
(being goods sold for cheque)