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

Answer Posted / shaik alaudeen

Journal Entry for Credit Sales :

Sundry Debtors A/c  (Dr)  xxx
   
     To Sales A/c                  xxx

Journal Entry for Credit Purchases :

Purchases A/c       (Dr)  xxx

     To Sundry Creditors A/c       xxx

Is This Answer Correct ?    3 Yes 1 No



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