Sales discount account has debit balance as it causes the reduction of sales and hence a contra account of sales revenue account.
1. Travelocity would credit their sales account and debit their cash account.
An account manager with the Coca-Cola Company earns a yearly average salary of $42,241. A district sales manager earns an average of $60,272.
No, Sales is not permanent account as sales are closed to profit and loss account at the end of fiscal year.
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
A sales discount account is a contra-revenue account.
A sales account is an account used for cash and credit sales for a specific period of time. It can also be an account that brings money from outside into a firm.
a ledger account if made for credit sales.
sales account is the account which contain all the information about sales transaction. it is prepared from journal entries. it shows the balance of the sales account while it is debit or credit. account sales is a statement. it is send by the consignee to the consignor. it contains detail about total sale, price, expenses incurred and the commission earned.
An account manager is usually paid commission on the sales from his/her accounts. Some managers can also get paid a base salary, car allowance, and expenses. The average account manager should make 75,000+ year depending on their industry.
Sales is a revenue account and has a credit balance as a normal balance.
Account Executive Account Manager Sales Professional