What is the ledger entry for sale of generator on credit ...
What is the ledger entry for sale of generator on credit to Patrick?
Credit sales account and debit Patrick’s account
Credit generator account and debit cash account
Credit sales account and debit cash account
Credit generator account and debit Patrick’s account
Correct answer is D
Patrick is receiving and should be debited while generator account is giving
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\(\begin{array}{c|c} & 1/7/10 & 30/6/11 \\ & D & D \\ \hline \text{Stock} & 1,46...