Question

sold goods to sushil for cash journal entry​

Answer 1

Answer:

Cash A/C Dr.

To Sales A/C

(Being goods sold for cash)

Answer 2

Answer:

Cash A/c------- Dr

    To sales A/c ---------Dr.

(being goods sold to sushil for cash)

In accounting, a journal entry serves as a record of a money transaction. It is employed to track the movement of cash or other assets into and out of a company or organisation.

• Journal notes typically contain information like the date, the accounts concerned, and the sums debited or credited and are written in chronological order.

• Journal entries are used to systematically and orderly record and monitor financial transactions like purchases, sales, and expenses.

• Businesses can ensure that their financial records are accurate and up-to-date, which is essential for making informed financial choices and complying with regulatory requirements, by maintaining accurate and thorough journal entries.

• Depending on the accounting method a company or organisation uses, journal entries can be entered manually or digitally.

• A general ledger or other accounting system is typically where a journal entry is posted after it has been made so that it can be used to produce financial reports and other essential documents.

Learn more-

https://brainly.in/question/7142147

https://brainly.in/question/4680778

#SPJ3