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Subsidary books

Sir generally credit sales will go into sales book And from there it will go into sales account trial balance and balance sheet...case 1 But if the creditor pays cash before we prepare balance sheet how is creditor account sales account cash account trial balance are impacted..case 2 Pls draw the ledger accounts in the two cases


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

20-Jul-20 10:37

32

Answers (4)

Whenever cash is paid, it is Cash A/c Dr. to Creditor A/c,


sudha reddy

sudha reddy

Moderator

20-Jul-20 14:54

sudha reddy Moderator

Whenever cash is paid, it is Cash A/c Dr. to Creditor A/c,

Will the sales account remain like that


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

20-Jul-20 15:59

Alos why would creditor come into picture here?


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Jul-20 16:32

Suraj Lakhotia Admin

Alos why would creditor come into picture here?

Now I understood


Prasanth kumar Kamisetty

Prasanth kumar Kamisetty

CA Foundation

11K+

20-Jul-20 16:40

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