Example of Journal entry for Cash Sale
Sale account is credited for the sales being income of the
entity and cash account is debited being asset for the company.
Example of Cash Sale
1.
Saleem & C0 made a made a sale for 500 $ on Cash
2.
Rabia & Co made a sale of $ 600 and receives
payment through cheque.
Solution
|
Date
|
Particulars
|
Dr
|
Cr
|
|
18 Nov ,2008
|
Cash a/c
|
500
|
|
|
18 Nov ,2008
|
Sale a/c
|
|
500
|
|
Date
|
Particulars
|
Dr
|
Cr
|
|
13 Nov ,2014
|
Bank a/c
|
600
|
|
|
13 Nov ,2014
|
Sale a/c
|
|
600
|
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