Question

what will be journal entry for Soled goods...... 3000/-

Answer 1

Hey, ✋ there your answer is _____,

⏩ Journal Entry for sold goods 3,000

➡ Cash A/c Dr. 3,000
To Sold Goods A/c 3,000
↪ Narration: (Being goods are sold for 3,000)


✔ Hope it may helps u...!!! ☺

Answer 2

3 golden rules

personal accounts - debit the received and credit the giver

real accounts -debit what comes in and credit what comes out

nominal accounts - debit all the expenses and losses, credit all the income and gains

as per the question 2 accounts affect sales account and (debitor) account

Sales account - Nominal account

Debtor account - Personal account

by applying the golden rules ,

sales is income to the company therefore its credited and debtor is debited because hes the receiver

Journal entry

if goods sold on credit

Debtor A/c Dr 3000

To sales A/c 3000

(Being sold goods on credit )

if sold goods on cash

Cash a/c Dr 3000

To sales A/c 3000

(being goods sold for cash)

Hope its useful..!!