1.

Sold goods to ram rs% 5,000​

Answer»

Ram's A/c_Dr (6000)To SALES A/c (6000)(Being goods SOLD to Ram on credit)Reason : Ram(Debtor) Account is DEBITED because it increases the balance of DEBTORS(Assets) Account and Sales(Revenue) Account is CREDITED because it increases the balance of Sales(Income) Account.



Discussion

No Comment Found

Related InterviewSolutions