Business Accounting and Bookkeeping

Is sales debit or credit?


Top Answer
User Avatar
Wiki User
2014-12-21 06:01:55
2014-12-21 06:01:55

Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.

User Avatar

Related Questions

debit cash credit sales

debit purchasescredit accounts payablesalesdebit cashcredit sales

What are you a retard sales aren't debit or credit, they are just gay

[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return

[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return

Debit tax expenseDebit accounts receivableCredit sales revenuecredit tax payable

Sales has credit balance as default balance so it means only credit can increase the sales and that;s why all debit reduces the sales because it is reverse of credit balance.

When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns

for VAT on sales:Debit ReceivablesCredit VATCredit Salesfor VAT on purchases:Debit VATDebit PurchasesCredit Payables

debit accounts receivabledebit sales taxcredit sales revenue

Debit accounts receivableCredit sales revenue

Debit accounts receivableCredit sales revenue

Cash/Bank/Accounts Receivable [Debit] Sales[Credit]

debit cashcredit salesdebit bankcredit cash

You increase a sales / revenue account by crediting it.

debit accounts receivablecredit sales revenue

sales generally have credit balance .debit balance of sales would mean that a firm is incurring loss on sales

debit accounts receivablecredit sales tax payablecredit sales discountcredit sales revenue

Debit accounts receivable / cashCredit food sales revenue

Debit Cash / bank / Account receivableDebit Carriage outwardCredit Sales

No, Sales would normally have a credit balance.

debit cashcredit sales revenue

Sales(debit) and income summary (credit)

[Debit] accounts receivable [Credit] Sales revenue

Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.