Tags Accounts Payable 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

How do you do journal entry for Forecasting Sales?

Updated: 9/19/2023

Wiki User

∙ 9y ago

Best Answer

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

Wiki User

∙ 9y ago

This answer is:

Add your answer:

Earn +20 pts

Q: How do you do journal entry for Forecasting Sales?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

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 cash sales?

Debit cash / bankCredit sales revenue

What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX

How do you record a journal entry for consignment sales?

debit consignment accountcredit consignment sales

How do you post the closing journal entry for sales returns?

debit sales accountcredit sales return account

Related questions

WHAT IS THE JOURNAL ENTRY FOR SALES DISCOUNTS?

expense

What is the journal entry for cash sales?

debit cashcredit sales revenue

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 to close sales?

Sales(debit) and income summary (credit)

What is the journal entry cash sales?

Debit cash / bankCredit sales revenue

How do you pass journal entry for cash sales?

Cash a/c Dr. To Sales a/c

What is the journal entry for sales?

Debit accounts receivable / bank / cashCredit sales revenue

What is the journal entry for a sales return?

[debit] sales returnscredit cash / accounts receivable

What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX

How do you record restaurant sales in a journal entry?

Debit cash /bankCredit sales revenue

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

Trending Questions

What will be the journal entry for sundry debtors 1000? What is construction accounting? Is return inwards a debit or credit? How much do you have to make to file a return? Is inventory permanent account or temporary account? What does a settled balance mean on a debit card? What is the best contribution of enterpreneurship? How do you check for accuracy and correctness - including spelling and grammar - and why this is important? Who is the authority of IFRS? What is overdue tracking? What is stored value account? What accounts are affected and how when merchandise is purchased for cash? When a bank receives a check for payment it uses an OCR inscriber to print the amount of the check in OCR characters in the lower-right corner? How do you see a corporation's income tax return? What is a current account in a bank? How much tax is taken from 100000? How does tax and accounts outsourcing work? Do you have to file an IRS form 941 if you had no employees other than yourself or family? Cash received from customers as payment for their bills is recorded by a? What is the sales turnover of your company?

Still have questions?

imp

Previously Viewed

How do you do journal entry for Forecasting Sales?

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.