Question
When the goods are sold on credit, the following
happens?Solution
When the goods are sold on credit, the company does not receive the cash but a promise to be paid by the person buying the goods. These are the debtors or accounts receivables for the company. The journal entry for this particular transaction is: Dr. Debtors/Accounts Receivables                        Cr. Sales/Revenue As such the impact is that the debtors of the company increase. Â
A body is said to be in equilibrium when:
Which polymer is used in the production of bullet-proof materials?
Which one among the following statements is not true for Mammals?
Which of the following is a chemical change?
Which vitamin is also known as Vitamin-B2?
If the root mean square speed of gas molecules is doubled, the absolute temperature of the gas:
Which vitamin helps in improving night vision?
Which vitamin is essential for RBC formation?
Which of the following statements for the given chemical reaction is true?
Fe₂ O₃ + 2Al → Al₂ O₃  + 2Fe
The force which opposes the relative motion between different layers of liquid or gases is called –
