What will be debited, if business sold goods for Rs.10, 000 on credit?

Question

A) Cash account B) Sales account C) Accounts receivable accountD) Purchases account

Bernardo Ortiola · Answer

Debit to Accounts Receivable

Utilisateur supprimé · Answer

Account Receivable will increase by 10000 Rs.

MD ASRAR AHMED MUSHARAF · Answer

Debit Account Receivables by 10000

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detail entry would be:

S.Debtors -----------A/c Dr

To Sales-------------A/c Cr

Wilfredo Quito · Answer

Debit: Accounts Receivable, RS. When sales are made on the account. Credit: Sales/Revenue -, RS. When the sold items were a merchandise / Goods

Haidar Alali · Answer

Option C as Account Receivable will increase Rs.10000.

Shanij K Pulikkandy CMA · Answer

Option: C (Receivables Account)

Ahmed Abdi Mahad · Answer

Choice C, Account receivable account is the correct account to be debited when sales are made on account.

if the sold item was a merchandise, then sales account will be credited. However, if the sold item is a non merchandise item the name/account title of the specific item will be credited

Shahbaz Hayder · Answer

Account receivable account is the right answer.

Wasim khan wazir · Answer

Account Receivable account would be debited,

MUHAMMED JASSIM TA · Answer

Accounts receivable account

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What will be debited, if business sold goods for Rs.10, 000 on credit?

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