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Earn +20 ptsQ: What is journal entry of credit sales?
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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.
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