what is the journal entry for credit sale and credit
purchase?
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Answer Posted / kasi reddy - madhire
Credit Sales:
Customer or Debtor a/c DR
To Sales a/c
(Being credit sales made)
Credit purchases:
Purchases a/c DR
To Vendor or Creditors a/c
(Being credit purchases made).
| Is This Answer Correct ? | 84 Yes | 17 No |
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