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.
There is no stock a/c as comes to financial books............
The same software will adjust d stock when u have sales as well purchases.......
its inventory part.......
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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