SMART TRICK - EASY UNDERSTANDING
FOR CASH TRANSACTION'S
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GOODS SALES
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CASH COMES IN
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DEBIT CASH
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GOODS PURCHASED
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CASH GOES OUT
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CREDIT CASH
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FOR CREDIT TRANSACTIONS
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GOODS SALES
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CASH COMES IN
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DEBIT PARTY NAME
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GOODS PURCHASED
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CASH GOES OUT
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CREDIT PARTY NAME
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| FOR CASH TRANSACTION'S | ||
| GOODS SALES | CASH COMES IN | DEBIT CASH |
| GOODS PURCHASED | CASH GOES OUT | CREDIT CASH |
| PURCHASE GOODS FROM KRISHNA FOR CASH RS: 5000 | SOLD GOODS TO MR RAJESH FOR CASH RS. 18000 | |
| PURCHASE A/C......DR 5000 TO CASH A/C 5000 | CASH A/C......DR 18000 TO SALES A/C 18000 |
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| FOR CREDIT TRANSACTIONS | ||
| GOODS SALES | CASH COMES IN | DEBIT PARTY NAME |
| GOODS PURCHASED | CASH GOES OUT | CREDIT PARTY NAME |
| PURCHASE GOODS FROM KRISHNA RS: 5000 | SOLD GOODS TO MR RAJESH RS. 18000 | |
| PURCHASE A/C......DR 5000 TO KRISHNA A/C 5000 | MR. RAJESH A/C......DR 18000 TO SALES A/C 18000 |
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