Sirajul Muneer K S (Software) (57 Points)
04 February 2017
Nikhil Sharma
(Government Service)
(539 Points)
Replied 04 February 2017
In case of cash transactions
Cash A/c Dr. 3725
Discount A/c. Dr. 500
To Sales A/c 4000
To Tax payable 125
To other expense. 100
In case of card and online transaction, Cash A/c is replaced by Bank A/c and rest everything remains same.
Sirajul Muneer K S
(Software)
(57 Points)
Replied 06 February 2017
Hi,
Thanks for your reply!!
What about if the transaction is credit. Say party named Raj & Co.
Thanks in adnvance
Nikhil Sharma
(Government Service)
(539 Points)
Replied 06 February 2017
Instead of cash A/c , Raj and co. A/c will be there and rest everything remains same
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