What is journal sold goods to sourav?
Journal entry for selling goods to Sourav:
Debit: Accounts Receivable - Sourav
Credit: Sales Revenue
Credit: Inventory
This entry records the sale of goods to Sourav, debiting the Accounts Receivable account for the amount owed by Sourav and crediting the Sales Revenue account for the revenue earned. The Inventory account is credited to reduce the quantity of goods in stock.