Debit Accounts receivable / cash
Credit Sales revenue
debit accounts receivableCredit sales revenue
debit sales account 220credit suspense account 220
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
Go to accounting vouchers and press F8 (Sales). You will be get sales entry format. On the screen top left corner you will see sales invoice number ( IF you want you can enter Manual invoice number,for that you should have to alter sales voucher type in accounting info at master.) Then give your reference number.Then Parties Name after that sales ledger name. Finally give narration and pass the entry.
Click on the Enter box to complete a cell entry.
debit cashcredit sales revenue
The accounting entry for sales return under warranty is the accrued warranty liability. This entry is written under warranty expense.
enter
Buyer a/c dr. To Sales a/c. The GAAP shows such an entry as: Account Receivable (debit) $$$ Sales (Revenue) (credit) $$$ This is based on Double-Entry Accounting as standardized by the GAAP. For.buyer's a/c dr. amount to sales a/c amount Accounts-receivable and Sales(sales being in your Results and accounts-receivable in your balance sheet
[Debit] sales return [credit] cash / bank
Sales(debit) and income summary (credit)
Debit cash / bankCredit sales revenue