When goods are sold for cash, the personal a/c of the buyer is debited.

Monjur Alahi

State whether the following statement are ‘True or False’ with reason :

When goods are sold for cash, the personal a/c of the buyer is debited.


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Salim Ahmed Kawsar

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This statement is False.

In a cash transaction, there is no Personal A/c. The personal account comes in a credit transaction. So when goods are sold for cash, the cash account is debited. A cash account is a real account and as per rule debit what comes in.

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