Print books are still the main source of sales for children's books. Libraries are a large source of sales. The Hunger Games books were expanded the market into ebook sales.
debit bankcredit sales
Trade discount is the discount which is in actual sale price of unit at the time of sales and never shown in books of accounts. Cash discount is the discount in value of accounts receivable after sales completed.
It is fairly easy to "cook the books" by recording sales revenue offset by increasing Accounts Receivable. Eventually this is found out when the "customers" never pay their amounts "receivable".
Accounts-receivable@ Sales(sales being in your Results and accounts-receivable in your balance sheet)
debit accounts receivabledebit sales taxcredit sales revenue
Credit sales referes to sales and accounts payable referes to bank
There are two kinds of sales, one is cash sales and other once is credit sales. Whenever sales are made on credit it will create accounts receivable which will be shown in balance sheet as current asset. So it means that accounts receivables are created due to credit sales so it is already included in sales So; Total Sales = Cash Sales + Credit Sales (Accounts Receivable)
Sales
debit accounts receivablecredit sales
it affects the sales tax payable and the accounts receivable.
If increased sales are all on credit then it will also increase the accounts receivable as well.
If sales is credit sales then it will create accounts receivable which means money is receivable from customers at future time.