sold goods to M/s Ray and company Kolkata 5600
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Answer:Ray and company a/c.....Dr. 5600
To sales a/c. 5600
Explanation:
Hey if you were asking for a journal entry this is the entry ....as you sold to Ray and it is not mentioned in cash it's a credit sale as a result Ray becomes your debtor who is an asset to the firm so when asset increases you debit it and and as u sold something you earn revenue and according to rules when income or revenue increases u credit it .
I hope u understand :)
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