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
sudha reddy Moderator
Whenever cash is paid, it is Cash A/c Dr. to Creditor A/c,
Will the sales account remain like that
Suraj Lakhotia Admin
Alos why would creditor come into picture here?
Now I understood