Question

Vishnu bought goods from us on credit

Answer 1

Vishnu a/c dr.

To sales a/c

Answer 2

3 golden rules

• debit the receiver , credit the giver

• debit what comes in , credit what goes out

• debit all the expenses and losses , credit all the incomes and gains

Journal entry

Vishnu A/c Dr

To sales A/c

(being sales made )