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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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