XI Accounting Rule 18 Sold on credit & Cash

XI Accounting Rule 18 Sold on credit & Cash
31 dec 2018 Sold building on account Rs.12,000 and on cash Rs. 3000
31 dec 2018 Sold land to Tariq Rs. 12000 and on cash Rs. 3000
31 dec 2018 Rs.12,000 Credit sold equipment and Rs. 3000 on cash
31 dec 2018 Sold machinery on cash Rs. 3000 and on on account Rs.12,000.
31 dec 2018 Sold merchandise on credit for Rs.12,000 & cash for Rs. 3000
31 dec 2018 Sold merchandise Rs 15000 on account for Rs.12,000. & balance on cash
31 dec 2018 Sold merchandise Rs 15000 to Mumtaz & Co. on Cash 3000 and balance on credit
31 dec 2018 Credit & Cash Sale for Rs.12,000 & 3000 respectively


  1. 31 dec 2018 Sold building on  account Rs.12,000 and on cash Rs. 3000  


Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      building
To record Sold building on Cash & on account


  3,000
12,000



15,000



  1. 31 dec 2018 Sold land to Tariq on credit Rs. 12000 and on cash Rs. 3000

Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      Land
To record Sold Land on Cash & on account


  3,000
12,000



15,000


  1. 31 dec 2018 Rs.12,000 Credit sold equipment and Rs. 3000 on cash

Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      Equipment
To record Sold Equipment on Cash & on account


  3,000
12,000



15,000
XI Accounting Rule 18 Sold on credit & Cash www.biek.pk



  1. 31 dec 2018 Sold machinery on cash Rs. 3000  and on on account Rs.12,000.



Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      Machinery
To record Sold Machinery on Cash & on account


  3,000
12,000



15,000


  1. 31 dec 2018 Sold merchandise on credit for Rs.12,000 & cash for Rs. 3000  

Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      Sales
To record Sold goods on cash & Credit 


  3,000
12,000



15,000

Check these rules


rule 03 Sold on cash

Rule 04 Purchase Merchandise 


Rule 05 Sold Merchandise


Rule 06 Prepaid


  1. 31 dec 2018 Sold merchandise Rs 15000 on account for Rs.12,000. & balance on cash

Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      Sales
To record Sold goods on cash & Credit 


  3,000
12,000



15,000




  1. 31 dec 2018 Sold merchandise Rs 15000 to Mumtaz & Co. on Cash 3000 and balance on credit

Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      Sales
To record Sold goods on cash & Credit 


  3,000
12,000



15,000

  1. 31 dec 2018 Credit & Cash  Sale for Rs.12,000 & 3000 respectively 

Date
Particular
P/R
Debit
Credit
2018
dec  31

Cash
Account receivable
      Sales
To record Sold goods on cash & Credit 


  3,000
12,000



15,000

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