Question

sold goods to mayank of rs 1,00,000, payable 25% by cheque at the time of sale and balance after 30 day of sale

Answer 1

heyaa,,,
it's journal entry will be;
bank a/c Dr 25000
Mayank a/c Dr 75000
to sale a/c. 1,00,000.
(being good sold to Mayank and received 25% amount by cheque)


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Answer 2

Hello!!

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The journal entry for ," Sold goods to Mayank of rs 100000 . payable 25% by cheque at the time of sale"

will be:-.

Bank account .Dr 25000
Mayank account .Dr 75000
To sales account 100000.

(being goods sold to Mayank)

Since cheque is being received so bank account will be debited.

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