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when the goods are sold , then the cost of goods sold is recorded at the credit side of the purchase ledger
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Which side of trial balance you write drawings?
Withdrawals are recorded on the credit side of the trial balance.
The purchase of equipment on credit is recorded by?
Debit to Equipment and a credit to Accounts Payable
Which has debit side and credit side?
All assets and expenses has debit side as default side while all incomes and liabilities have credit side as default.
Why is it important to memorize the debit and credit rules?
Because to make the things debit on debit side and credit on credit side, for that purpose its important to memorize the debit and credit rule.
Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by a?
debit to Cash and a credit to Sales
Which side of trial balance you write drawings?
Withdrawals are recorded on the credit side of the trial balance.
What is single entry and double entry?
Single entry system is that system in which only one side of entry either debit or credit is recorded while the other side of transaction is ommitted while in double entry system, both side of transactions debit and credit are recorded to complete the business transaction.
What is cgs units of velocity?
cgs means centimeter,gram,second. cgs unit of velocity is cm/s.
When was CGS Margaret created?
CGS Margaret was created in 1915.
When did CGS Margaret end?
CGS Margaret ended in 1919.
When was Amilcar CGS created?
Amilcar CGS was created in 1923.
What is the cgs unit of time?
CGS unit of time is Second,s.
What is SI and CGS unit of volume?
SI . . . . . meter3 CGS . . . . centimeter3
Can you mix up SI system and CGS system during solving of problems?
it cannot be mixed but it can be convert from SI--> CGS and CGS-->SI
What is a CGS unit of weight?
The CGS unit of weight (no longer used) was the gram
What is cgs system of stress and explain terms?
What is the unis of stress in cgs system
Cgs unit of kinetic energy?
Kinetic energy= mv2 /2 Units for mass in CGS-gm Units for Velocity in CGS-cm/sec Therefore Unit of KE in CGS=gm(cm/sec)2 = ergs
