A gst registered cloth business dealer sales transactions details mentioned below per day
sales to customer for cash mode Dt:15-03-21
1.sales to customer rs:1000/-
2.sales to customer rs:800/-
3.sales to customer rs:1500/-
sales to customer for (Google pay and phone pay transactions)Dt:15-03-21
1.sales to customer rs:2000/-
2.sales to customer rs:1000/-
Question:
Dealer how to accounting entries passed in books.
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Sales entries passed
Replies (3)
Just like how we consolidate cash and credit sales, classify the above into cash sales and online payment sales if you have a record all vouchers and transaction details.
for cash sales the entry follows
debit cash/bank account
credit sales account
Cash or Bank A/c. Dr
To Sales A/c.
you may post on Consolidated entry day wise or single entry for each one transactions
To Sales A/c.
you may post on Consolidated entry day wise or single entry for each one transactions
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