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Subjects>Law & Government>United States Government

Revenue is equal to credit sales?

Updated: 11/6/2022

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∙ 14y ago

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Revenue is often used synonymously to the word sales (cash & credit both)

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Related questions

Is sales a credit or debit?

Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.

What is the Credit account for a Receivable account?

Sales revenue is a typical one. Dr. A/R Cr. Sales Revenue

What is revenue account name for sales credit?

RFPL

How do you jourmalize sales on account?

[Debit] accounts receivable [Credit] Sales revenue

How do you sales entry?

Debit Accounts receivable / cash Credit Sales revenue

What is the equation once unearned revenue has been earned?

[Debit] Unearned revenue [Credit] Sales revenue

Does cash sales and credit sales equal net sales?

yes they do but if the cash sales and credit sales ar the same number they equal subsales

Journal entry ofr credit sales?

[Debit] Accounts receivable[Credit] Sales revenue

Is product sales normally debit or credit?

Sales revenue has a credit balance as a normal balance so product sales also has credit balance as normal balance.

Sales is what type of account?

Sales is a revenue account and has a credit balance as a normal balance.

How do you enter sales entry?

Debit Accounts receivable / cash Credit Sales revenue

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

Debit accounts receivableCredit sales revenue

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