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Debit Cash / bank / Sourav xxxx
Credit Sales Revenue xxxx
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∙ 9y ago
Journal entry for selling goods to Sourav:
Debit: Accounts Receivable - Sourav Credit: Sales Revenue Credit: Inventory
This entry records the sale of goods to Sourav, debiting the Accounts Receivable account for the amount owed by Sourav and crediting the Sales Revenue account for the revenue earned. The Inventory account is credited to reduce the quantity of goods in stock.
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