0
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
What else can I help you with?
What is the difference between sales account and account sale?
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
What is the different between cash credit account and current account?
Diff. between CC account & current account
What is the difference between a purchase on account and a sale on account?
Purchase on account means purchases from vendors on credit while sales on account means selling to customers on credit.
What is the different between bill of sale and title?
with cars no, Your bill of sale is the title or deed to your vehicle
If any time passes between the time of sale and the collection of payment?
An account receivable is always created
If any time passes between the time of sale and the collection of payment...?
An account receivable is always created
Difference between receipts and payments account and income and expenditure account?
what is the different between error of transposition and casting
Is account sales a nominal account?
no sales is not a nominal account. because nominal account says" debit all expenses and credit all income and gain account. " all things which are tangible is call real account. u can touch the goods which are going to sale. Sale is nominal account as sale generally have some element of profit. This is the good reason to treat the sale as nominal account.
When a sale is made on account which account is credited?
Cost of sales
Is it true that owners equity is decreased by a sale on account?
Not true, unless the sale on account is (1) the only sale during the financial period and (2) occurs at a loss.
A sale for which cash will be received at a later date is called a sale on account?
Yes or a Credit Sale
When will fifa 11 be on sale for wii?
You will have to go online and either create an online account or go in the guest account
