what is journal entry of cash sales to ram
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Ram companies L.T.D sold some goods of Rs. 1000 + 5% GST in cash. First, you would enter a debitto cash to your checking account. Next, you would enter a credit to the Sales and Sales Tax Collected accounts. The entries on the debit side and credit side should always balance.
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Cash A/C. Dr. Rs.xxx
To Sales A/C. Dr. Rs.xxx
(Being goods sold to Ram for cash)
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