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Question

What will the entry for cash sales of Rs 2500?

The correct answer is

Cash A/c Dr. - Rs 2,500

The correct answer is option 1. The journal entry for cash sales of Rs 2500 will be: - Debit: Cash A/c Rs 2,500 (Increase in cash) - Credit: Sales A/c Rs 2,500 (Revenue earned from sales)

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Important Questions from Journal Entries

  1. Returned damaged office stationary and received Rs 10,000. The account to be credited is ______.

  2. Which account is debited while recording an outstanding expense?

  3. In case the purchasing company agrees to act as the agent of the vendor for collection of the book debts, in the books of the purchasing company, the amount of debtors should be credited to

  4. M/s Stationery Mart will debit the purchase of stationery to :

  5. It is given in adjustment that during the accounting year, the trader distributed goods worth ₹5,000 as free samples. While preparing Final Accounts, this will be shown in

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