what is the journal entry for credit sale and credit
purchase?
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Answer / pulak roy
Credit Sale:
Sundry Debtors A/c ......Dr
To Sales A/c
Credit Purchases:
Purchases A/c............Dr
To Sundry Creditors A/c
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / vidyadhar ks
purchase A/C dr
credit Purchase A/C Cr
Credit sales A/C DR
sales A/C
| Is This Answer Correct ? | 2 Yes | 5 No |
Answer / sriraam sri
Purchase a\c Dr
To Sundry Debtor a\c
sundry Creditor a\c Dr
To Sales a\c
| Is This Answer Correct ? | 1 Yes | 4 No |
Answer / sidhu
Party (Sundry Creditor) A/c Dr.
To Sales A/c
(Being Credit Sale made)
2. Credit Purchase:-
Purchase A/c Dr.
To Party (Sundry Debtors) A/c
(Being purchase made for Credit Basis)
| Is This Answer Correct ? | 41 Yes | 52 No |
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