a gst registered composite scheme dealer sales of medicines to customers two types
1.sales of medicines to customers (amount cash mode received)
2.sales of medicines to customers (amount online mode Google pay and phone pay etc mode received)
question:
1.how the accounting entry passed in books
2.cash and bank mode sales which accounting head names create.
Cash received will under Cash account ledger .
Bank , Google pay receipt will be Bank account ledger . Customers account under Trade Debtor's
Cash received entry
1) Cash A/c Dr
To Customer A/c Cr
( Being cash received sale of medicine )
2) Through Bank receipt
Customer A/c Dr
To Medicine sale A/c Cr
( Booking of medicine sales )
Bank A/c Dr
To Customer A/c Cr
( receipt of medicine sale ).
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