Goods sold to Mr. A on credit shall be credited to ___ .

Cash Account

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Mr. A 's Account

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Goods Account

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Sales Account

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Solution

The correct option is D
Sales Account

Any transaction of sale shall be credited to sales account in journal.

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Similar questions

Which of the following accounts will be used in equation, if the goods are sold on credit to Mr. Mahmood?

		₹
(i)	Sold goods to Sanjay on credit	50,000
(ii)	Sold goods to Mohan for cash	20,000
(iii)	Purchased goods from Ram on credit	25,000
(iv)	Cash received from Sanjay	19,000
(v)	Goods returned by Sanjay	2,000
(vi)	Paid rent	500
(vii)	Cash paid to Ram	15,000

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