Journalize the transaction for the following:
1)Cash sales Rs. 5000 were deposited in Savings A/c
Correct answer shall be marked as brainliest!! The one who answers it correctly, I will follow him....Its urgent!!
Share
Journalize the transaction for the following:
1)Cash sales Rs. 5000 were deposited in Savings A/c
Correct answer shall be marked as brainliest!! The one who answers it correctly, I will follow him....Its urgent!!
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Explanation:
Thanks for free points
Answer:
Journal entry :
Savings a/c Dr. 5000
To Sales a/c. 5000
As savings a/c is called bank a/c Then , journal entry also be like :
Bank a/c Dr. 5000
To Sales a/c. 5000
( Cash sales Rs. 5000 were deposited in savings a/c )
Journalising :
The process or acts of recording transaction chronologically in the journal is called Journalising.
_____________________