Should one create each customer account under Debtors on while passing the sales entry if the a vehicle dealer wants to keep record of the customer details.Please suggest the most practical entry that needs to be passed.
Menu
Sale of cars-accounting entry
Replies (1)
For credit entries only name of the debtor should be debited and credit sales account. In case of cash sales, Debit bank account and credit sales account dealers accounting books.
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
