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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
What else can I help you with?
What is the journal entry for a cash sell?
Debit Cash Credit Sales
How do you sales entry?
Debit Accounts receivable / cash Credit Sales revenue
What is entry for sales returns?
[Debit] sales return [credit] cash / bank
What is the journal entry to close sales?
Sales(debit) and income summary (credit)
Journal entry ofr credit sales?
[Debit] Accounts receivable[Credit] Sales revenue
How do you enter sales entry?
Debit Accounts receivable / cash Credit 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
What is entry for credit sales?
Sundry debtors a/c dr Sales a/c dr
What is journal entry of cash sales?
Debit Cash $XXX Credit Sales $XXX
Journal entry for returned goods by customer?
[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return
What is the journal entry for purchase on credit and sales on cash?
Debit: Purchases Credit: Accounts Payable Debit: Cash Credit: Sales
