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XI Accounting Rule 17 Sold On Credit or Credit Sales

  1. 31 dec 2018 Sold building on  account Rs.12,000.
  2. 31 dec 2018 Sold land to Tariq Rs. 12000
  3. 31 dec 2018 Credit sold equipment Rs.12,000
  4. 31 dec 2018 Sold machinery on on account Rs.12,000.
  5. 31 dec 2018 Sold merchandise on credit for Rs.12,000.
  6. 31 dec 2018 Sold merchandise on account for Rs.12,000.
  7. 31 dec 2018 Sold merchandise to Mumtaz & Co. on account for Rs.12,000.
  8. 31 dec 2018 Credit Sale for Rs.12,000.

31 dec 2018 Sold building on  account Rs.12,000.

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      building
To record Sold building on account


12,000


12,000




31 dec 2018 Sold land to Tariq Rs. 12000

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      Land
To record Sold land to Tariq


12,000


12,000



have you read these rules before?


Rule 07 Received advance Or Unearned

Rule 08 Expenses Entry

Rule 09 Income & Revenue Entry

Rule 10 Opened a bank account



31 dec 2018 Credit sold equipment Rs.12,000

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      Equipment
To record Sold equipment on credit


12,000


12,000


31 dec 2018 Sold machinery on on account Rs.12,000.

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      machinery
To record Sold machinery on credit


12,000


12,000

31 dec 2018 Sold merchandise on credit for Rs.12,000.

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      Sakes
To record Sold goods on credit


12,000


12,000

31 dec 2018 Sold merchandise on account for Rs.12,000.

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      Sales
To record Sold goods on credit


12,000


12,000





31 dec 2018 Sold merchandise to Mumtaz & Co. on account for Rs.12,000.

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      Sales
To record Sold goods on credit


12,000


12,000






31 dec 2018 Credit Sale for Rs.12,000.

Date
Particular
P/R
Debit
Credit
2018
dec  31

Account receivable
      Sales
To record Sold goods on credit


12,000


12,000

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