bank entry

Mr. Sumit,

Can u tell this is credit sales or cash sales.....???

both the sales

Then in cash of Credit Sales Accounting entry will made in 1st shop.

1. when goods sold to 2nd shop.

2nd Shop A/c             Dr.               xxxx

     To Sales A/c                                      xxxx

2. when payment received.

SBI Bank A/c               Dr.              xxxx

     To 2nd Shop A/c                               xxxx  

nd in case of Cash Sales.

SBI Bank A/c       Dr.                 xxxxx

      To Sales A/c                                  xxxxx

{Being cash sales made to 2nd Shop}

wht is the entry for

payment recd from a shop from b shop

since they hav the different a/c no in the same bank

b shop pay the money to a for goods purchase form him

just like a is the head office which suppy the good to b

and b sells the goods the gives the money to a for supply of goods

where a is the head office and b is it`s another part

There is two different accounts so u will take it as different although bank is same but there is no mean of same bank...we have to check different bank account nd treat as normally accounting.