UNIVERSITY OF KARACHI (BB.A)

#UNIVERSITY_OF_KARACHI

#BBA

4YEAR degree program including eight (8) semester and six course in each semester...

*First semester

Business English
Basic Mathematics
Human Behavior
Principle of management
Principle of Accounting
Computer application in business

* Second semester

B.communication
Financial Accounting
Principle of Marketing
Calculus

INSTALLMENT SALES (B.Com Part - II) Lecture # 2:

INSTALLMENT SALES (B.Com Part - II) Lecture # 2:
Installment sales mein under perpetual system yeh entries record ki jati hein:

GENERAL JOURNAL ENTRIES:
(1) PURCHASE MERCHANDISE ON ACCOUNT:
Merchandise (Debit)
Accounts payable (Credit)
Jab merchandise karte hein to perpetual system mein merchandise k naam se record karte hein isi liye yahan merchandise record ki gai hai aur udhar pe purchase ki hai to accounts payable record kiya gaya.

(2) SALE OF MERCHANDISE ON INSTALLMENT BASIS:
Installment accounts receivable (Debit)
Installment sales (Credit)

INSTALLMENT SALES (B.Com Part - II) Lecture # 1:

INSTALLMENT SALES (B.Com Part - II) Lecture # 1:
Installment sales ka matlab hai k company apni merchandise cash ya udhar pe sale karne k bajaye installments (qiston) pe sale karti hai. Bohat si examples apki daily life mein mojod hein like motor bikes, electronic items, flats, etc. yeh sab installments pe sale kiye jate hein. Jab company installment pe merchandise sale karti hai to paise usi waqt nahi milte balke qiston pe milte hein. Merchandise ki total sales value mein se company kuch amount usi waqt customer se le leti hai jis ko down payment kaha jata hai aur baqi jo amount reh jata hai wo qiston pe receive karti hai usay installments kaha jata hai.
For example:
Sales Rs.50,000.