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4) What is Journal Entry of 1) Credit Sales.

2) Credit sales
with Discount.

3) Credit sales
with VAT.

4) Outstanding
Rent paid.

5) Credit Purchase.

6) Out
standing wages paid.

7) Bank over draft

8) bank charges

9) Dishonor check

Answer Posted / vinay

Customer a/c DR
To sales a/c

customer a/c DR
Discount a/c DR
To sales a/c

Customer a/c DR
To sales
To VAT

Rent a/c DR
To outstanding rent a/c

Purchases a/c DR
To Suppliers a/c

Wages a/c DR
To outstanding wages a/c

Bank a/c DR
To bank OD

Bank charges DR
To Bank

Bank DR
To customer

Is This Answer Correct ?    15 Yes 5 No



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