what are the entries when we sold goods on credit to some x person ? also w

Categories >> Accounting >> Accounting General
Suggest New Category

what are the entries when we sold goods on credit to some x
person ?

also when we sold goods for cash?

Question Posted / prasad_trp

7 Answers
20955 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / guest

Mr X
To Sales

Cash
To Sales

Is This Answer Correct ?

33 Yes

3 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / sirisha

x a/c dr
to sales
( being goods sold to x )

Is This Answer Correct ?

26 Yes

3 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / ankur jain

In first case the entey is:

X dr
Sales cr

And in second case the entry is:

Cash dr
Sales cr

Is This Answer Correct ?

13 Yes

0 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / accountant

cash a/c dr
TO sales a/c
for goods sold to mr x for cash/c

Is This Answer Correct ?

5 Yes

2 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / abdul sameen

X account
Cash receivable account

Cash account
sales account

Is This Answer Correct ?

2 Yes

0 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / jayesh

1. X A/C........DR
TO GOODS...CR

2. CASH A/C.....DR
TO GOODS..CR

Is This Answer Correct ?

2 Yes

4 No

what are the entries when we sold goods on credit to some x person ? also when we sold goods fo..

Answer / sharyanch

X A/c Dr.
To Goods A/c
[ Being Goods Sold to X on Credit Basis ].

X A/c Dr.
To Cash A/c
[ Being Goods Sold to X on Cash Basis ].

Is This Answer Correct ?

2 Yes

6 No

Post New Answer

More Accounting General Interview Questions

what is tds,pf and vat?

3 Answers

Expenses which are incured during the manufacturing are direct expenses.In that case,what are the direct expense in a trading firm where there is no production.Like salary, rent, electricity etc in a trading firm

0 Answers ABB,

My gross salary is 12,000/-P.M & due to less working days gross salary becomes 8,000/-P.M will ESI come as my gross is less than 10,000/-P.M

2 Answers

I m working in NGO. we have taken loan from a person or other project in march and returned in may. So what are the entries in tally should be. what are the ledgers to be created and under which group? what are the journal entries?

1 Answers

why u maintain accounts in business

2 Answers

In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.

0 Answers

Reconciliation a/c in SAPM ERP

1 Answers Olympus,

please send me banking question on my email ID as I have been selected for state bank of india .my email ID is sawant.supriya51@gmail.com

0 Answers

what is contingent liabillity ?

6 Answers Siemens,

if A company pay salary to X 10000 after deduttion of 2000 advance and12% PF . what is the entry of it.