Interested to Buy Any Domain ? << Click Here >> for more details...
What is the journal entry for goods sold to Mr A in 1 month
credit of rs 5000. and also pass entry for non repayment of
money after 1 month by Mr A. (What entry will come for this?)
- 3 Answers
- 13901 Views
- Airtel, Siemens, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
A Dr. 5000.00
To Sales Account 5000.00
(Being Goods Sold on Credit invoice No....... for one month
credit)
there is only one entry pass coz no need for repayment entry
| Is This Answer Correct ? | 23 Yes | 0 No |
Answer / max
Revenue Journal Entry
Debit Credit
Accounts Receivable 5,000.00
Sales REvenue 5,000.00
To record Sales on account
No entry to be passed for non repayment. The 5,000.00 collectible will still remain in Accounts Receivable
| Is This Answer Correct ? | 8 Yes | 8 No |
Answer / simarvir
Mr.A a\c dr 5000
To sales a\c 5000
cash a\c dr 5000
To Mr.A a\c 5000
| Is This Answer Correct ? | 7 Yes | 11 No |
What is the Meaning of E.& O.E ?
what is wct ? who take its benefit? e.g. we are works contractor, we are liable to take its benefit or not..
WCT DEFINATION
Dear sir Per Day Maximum Cash payment for Limited company in India
Tell me the stages of double entry system?
Balance Sheet
2 Answers Chartered Accountant,
What the entry for Accumulated Deprecition??
5 Answers Genpact, GI Security,
What is a Goods Receipt
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
what is the difference between derivatives and swaps
9 Answers Capital IQ, FactSet Systems,
What is input Sales ?
What is Fund Flow and how to prepare that?
Audit 
