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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
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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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