Tags Accounts Payable Accounts Receivable Financial Statements

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is journal entry of credit sales?

Updated: 9/21/2023

Wiki User

∙ 13y ago

Best Answer

buyer's a/c dr. amount

to sales a/c amount

Wiki User

∙ 13y ago

This answer is:

More answers

Wiki User

∙ 9y ago

debit accounts receivable
credit sales revenue

This answer is:

Add your answer:

Earn +20 pts

Q: What is journal entry of credit sales?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

What is the journal entry for a cash sell?

Debit Cash Credit Sales

What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX

What needs to happen when recording a journal entry for a sale account?

When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.

Journal entry ofr credit sales?

[Debit] Accounts receivable[Credit] Sales revenue

How do you do journal entry for Forecasting Sales?

There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.

Related questions

What is the journal entry to close sales?

Sales(debit) and income summary (credit)

What is the journal entry for a cash sell?

Debit Cash Credit Sales

What is journal entry for sales return?

[Debit] sales return [credit] cash / bank

What is the journal entry for credit sales with a discount?

Debit accounts receivableCredit sales revenue

What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX

What needs to happen when recording a journal entry for a sale account?

When recording a journal entry for a sales account, ensure that the sales are strictly done on credit terms.

What is the journal entry for sales return?

[Debit] Sales Return account [Credit] Cash account

Journal entry ofr credit sales?

[Debit] Accounts receivable[Credit] Sales revenue

How do you do journal entry for Forecasting Sales?

There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.

What is creditors journal?

is a book of first entry in which credit sales invoices are recorded

Journal entry for returned goods by customer?

[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return

What is the journal entry for sales returns and allowances?

Debit: Sales Returns & Allowances Credit: Accounts Receivable :)

Trending Questions

What is controlling instruments? What is the journal entry for heating and lighting accrued? If the bakery started with an extra 250 from the profits in December describe how to use the information in the table to figure out the profit or loss of money at the bakery by the end of august? Is merchandise the same as inventory? What is the capital gains tax on long term? What are the names and addresses of the three credit bureaus? Where do you mail 940 and 941 tax forms? What are non trade creditors? What is an xc type dividend? What Activities are performed in variance analysis? How many months is a stale dated check? How many types of business letters are there? How can you use Excel in your daily life? How much did Alice Correa pay for cloth if the sales tax was 5 percent and she bought three yards on sale for 1.93? What is the average profit margin for financial service companies? What is a attribute database in Access? Why is tax evasion rampant in the Philippines? How much FICA should be withheld in Alaska? How much are you worth as a federal tax exemption to your parents? Do you file state taxes for unemployment?

Still have questions?

imp

Previously Viewed

What is journal entry of credit sales?

Unanswered Questions

What can I do to attract positive energy into my life? How do planetary movements affect daily life? How could I book the best New Year package in Nainital? What is a suffix for remote? What ingredients are used in Mixture, and is it spicy? Can I order Mixture in bulk for parties or events? How do you choose the right blade for a specific material? Should I use different brushes for different types of makeup?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.