A customer that has yet to begun using the product, service or technology you are offering, as opposed to a "competitive field" where they are alreay using such product or services from another vendor. The concept seems to refer to a "field ripe for harvest" from agricultural vernacular. - will Armstrong
Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
A sales discount account is a contra-revenue account.
a ledger account if made for credit sales.
sales account is the account which contain all the information about sales transaction. it is prepared from journal entries. it shows the balance of the sales account while it is debit or credit. account sales is a statement. it is send by the consignee to the consignor. it contains detail about total sale, price, expenses incurred and the commission earned.
Sales is a revenue account and has a credit balance as a normal balance.
Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
No, Sales is not permanent account as sales are closed to profit and loss account at the end of fiscal year.
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
A sales discount account is a contra-revenue account.
A sales account is an account used for cash and credit sales for a specific period of time. It can also be an account that brings money from outside into a firm.
a ledger account if made for credit sales.
sales account is the account which contain all the information about sales transaction. it is prepared from journal entries. it shows the balance of the sales account while it is debit or credit. account sales is a statement. it is send by the consignee to the consignor. it contains detail about total sale, price, expenses incurred and the commission earned.
Sales is a revenue account and has a credit balance as a normal balance.
Account Executive Account Manager Sales Professional
That is correct. Sales and returns allowances is what is called a "Contra" account because it exists to reduce the net balance of an account. Sales is a credit account, so you debit sales returns and allowances in order to reduce your net sales.
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
sales account is nothing but the sales made to any person in the organisation. vendor account is defined as the products which is assigned to the vendor to move to the another location.