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journal entries..
1. sold goods for cash $2500
2. sold goods for $5000 on credit
3. received from customer
4. paid creditors $5000

Answers were Sorted based on User's Feedback



journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from..

Answer / shekar ravula

1. CASH A/C DR
TO SALES A/C

2. DEBTORS A/C DR
TO SALES A/C

3. CASH A/C DR
TO DEBTORS A/C

4. CREDITORS A/C DR
TO BANK A/C

Is This Answer Correct ?    59 Yes 5 No

journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from..

Answer / satyanarayana raju

Respected guest try to learn about the natural positions
of ledger accounts and then answer

Suppliers, laibilities and income are always Debit natured
and cash is always on debit if you want to decrease the
value or close you have to reverse the natural positions. I
wrote a book specially designed to educate the commerce
students in depth if you want that pl send your mail
address to me
satyaki_raju@yahoo.co.in

Is This Answer Correct ?    4 Yes 2 No

journal entries.. 1. sold goods for cash $2500 2. sold goods for $5000 on credit 3. received from..

Answer / guest

sals A/c Dr $2500
To cash A/c $2500


sales A/c Dr $5000
TO Debtors A/c $5000

Cash A/c Dr $2500
To Customers A/c $2500

Cash A/c Dr. $5000
to Creditors A/c $5000

Is This Answer Correct ?    7 Yes 24 No

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