CBSE Class 11-commerce Answered
Sold goods for cash and on credit
Asked by anitabatra578 | 20 Sep, 2018, 03:56: PM
Expert Answer
We were unable to interpret your query. Kindly help us with the complete question so as we can help you in a better manner. In case if you wish to know the treatment of goods sold on credit and goods sold on cash basis, then the only difference would be Customer's A/c would be debited instead of Cash A/c if goods are sold on credit. In case goods are partly sold for cash and partly on credit, then:
Cash A/c Dr. xxx (goods sold for cash)
Customer's A/c Dr. xxx (goods sold on credit)
To Sales A/c xxx
Answered by | 21 Sep, 2018, 09:27: AM
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