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Is Cash Discount received on cash sales?
Cash discounts are received on cash sales. The seller or provider often refers to the cash discount as a sales discount.
Actual cash received from cash sales was 9755.75. The cash register total was 9735.55. What is the journal entry to record cash receipts and cash sales.?
Cash 9735.75 Cash Short and Over 20.20 Sales 9755.75
What is the journal entry for a cash sell?
Debit Cash Credit Sales
Describe cash received from cash sales?
accounting entry for cash received for the sales of office uniform
How much does it cost to rent a monkey for a day?
300rs
What will be the journal entry of Goods sold to ram but cash didn't receive yet?
The journal entry for goods sold to Ram but cash not yet received would be a debit to Accounts Receivable (Ram) and a credit to Sales or Revenue account to recognize the sale. This entry reflects the increase in accounts receivable (asset) and the revenue recognized from the sale. Once the cash is received, a separate entry would be made to debit Cash and credit Accounts Receivable to reflect the collection of the outstanding amount.
What is the journal entry cash sales?
Debit cash / bankCredit sales revenue
When was Nancy Sales Cash born?
Nancy Sales Cash was born in 1940.
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
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
Why is revenue not cash in accrual accounting?
In accrual accounting not always all sales are made on cash basis that's why sales are shown when sales are made and not when actual cash received that;s why cash is not shown b'coz all cash is not received at the time of sales.
Journal entry for sales return?
Cash Ac Dr to Sales AC To sales Return Alc
