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Related Questions
What is the journal entry for consignment sale?
profit
What is journal entry for sales return?
[Debit] sales return [credit] cash / bank
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 for the sale of a corporation?
Debit cash /bankdebit liabilitiesCredit assets
How do you record a journal entry for sale of equipment?
Debit cash / bankCredit equipment
What is the journal entry for sales return?
[Debit] Sales Return account [Credit] Cash account
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
What is journal entry to record return of supplies on account?
debit accounts payablecredit supplies return account
How do you record journal entry for a purchase return?
debit cash / bank / accounts payablecredit purchase return
When you made sale is it compulsory to make journal entry?
Whenever any business transaction occur It is compulsory to make journal entry so this is true in case of sales as well.
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
How do you post a journal entry for the sale of a vehicle?
Debit cash / bankCredit vehicle account
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