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Finding Credit Sales

While passing...

Question

While passing the entry for credit sales is debited and is credited.

A

purchases

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B

debtors

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C

creditors

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D

sales

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Solution

The correct options are
B debtors
D sales
Debtors are the asset to the business, and at the time of credit sales, the amount of debtors increase, and it can be increased by debiting them. Further, either it is a credit sale or cash sale, sales account is always credited.

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