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what are the entries when we sold goods on credit to some x
person ?
also when we sold goods for cash?
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Answer Posted / guest
Mr X
To Sales
Cash
To Sales
| Is This Answer Correct ? | 33 Yes | 3 No |
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The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
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