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  • Commerce Mixed Test
  • Which account is debited on sale of goods to Mr. Y for cash?
Multiple choice

Which account is debited on sale of goods to Mr. Y for cash?

  1. Cash a/c

  2. Drawing a/c

  3. Personal a/c

  4. Repair a/c

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 On sale of goods to Mr 'Y' for cash, the cash account is debited. This is because cash is recieved against the goods sold. Incoming cash is debited and outgoing cash is credited.

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