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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.

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9y ago

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What is the correct journal entry for electronic deposits from sales that are not on the books as accounts receivable?

debit bankcredit sales


What is trade and cash discount?

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.


What affect would Accounts Receivable have on a business vs sales revenues?

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".


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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)


What types of accounts are referred to as temporary accounts?

Sales


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debit accounts receivablecredit sales


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