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what is the journal entry for credit sale and credit
purchase?

Answer Posted / burada venkata ramana

Credit sales entry

Sundry Debtors a/c Dr
To sales a/c
(Being the credit sales of ------)

Credit Purchase entry

Purchase A/c Dr
To Sundry Creditor A/c (supplier)

(being the credit purchase of -------- from -----)

Is This Answer Correct ?    161 Yes 14 No



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