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Sales entries passed

Others 220 views 3 replies
A gst registered cloth business dealer sales transactions details mentioned below per day
sales to customer for cash mode Dt:15-03-21
1.sales to customer rs:1000/-
2.sales to customer rs:800/-
3.sales to customer rs:1500/-
sales to customer for (Google pay and phone pay transactions)Dt:15-03-21
1.sales to customer rs:2000/-
2.sales to customer rs:1000/-
Question:
Dealer how to accounting entries passed in books.
Replies (3)

Just like how we consolidate cash and credit sales, classify the above into cash sales and online payment sales if you have a record all vouchers and transaction details. 

for cash sales the entry follows

debit cash/bank account 

credit sales account

 

 

Cash or Bank A/c. Dr
To Sales A/c.
you may post on Consolidated entry day wise or single entry for each one transactions


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