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
- 13714 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 can go wrong if you have a balance sheet with a lot of debt? What can go wrong if there is negative owner's equity? What does a good cash flow statement look like and why?
What are the types of Invoice Matching in AP
if salary paid per month rs. 46500/- i will deduct tds from his salary please what i will do explain
What is difference between debit note and Proforma Invoice
Who is debtor purchaser
Prepaid insurance entry
What is a Hold and Release
Tell me what is an over accrual?
What is the differance between Captial & revanue?
Categorize the following journal entry in Real A/c, Nominal A/c and Personal A/c: Goods worth Rs.10,000/- destroyed by fire and the insurance company admitted the claim for Rs.8,000/- Insurance Claim A/c Dr. 8,000/- Loss By Fire A/c Dr. 2,000/- To Trading A/c 10,000/-
What is Tax Audit ? Please Explain.
what is deferred income & deferred revenue expenses
Audit 
