Both cash and credit transaction are recorded on the basis of

1.	Both cash and credit transaction are recorded on the basis of
Answer» swer....both cash and CREDIT transaction are recorded on the basis ofResults in Englishदोनों नकद और क्रेडिट लेनदेन के आधार पर दर्ज किया जाता हैहिन्दी में नतीजेCash is credited because cash is an ASSET account that DECREASED because cash was used to PAY the BILL. You would debit inventory because it is an assetaccount that increases in this transaction and accounts payable is credited to a liabilityaccount that increases because the inventory was purchased on credit.

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

Both cash and credit transaction are recorded on the basis of

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