Journal entry for stock

mjdf13 (junior accountant) (59 Points)

06 April 2012  

Hi everyone,

  if goods sold on credit , here customer debited and sales credit, what would be the affect on stock because stock reduces so stock in hand credited what will be the debited side ???

 

xyz    Dr.

 to Sales Cr.

 

???? Dr.

to Stock Cr.

Pls give your valuable comments.