Tags Accounts Payable Accounts Receivable Financial Statements

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Subjects>Business>Accounting

What is journal entry of credit sales?

Updated: 9/21/2023

Wiki User

∙ 12y ago

Best Answer

buyer's a/c dr. amount

to sales a/c amount

Wiki User

∙ 12y ago

This answer is:

More answers

Wiki User

∙ 9y ago

debit accounts receivable
credit sales revenue

This answer is:

Add your answer:

Earn +20 pts

Q: What is journal entry of credit sales?

Write your answer...

Submit

Still have questions?

imp

Continue Learning about Accounting

What is the journal entry for a cash sell?

Debit Cash Credit Sales

What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX

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.

Journal entry ofr credit sales?

[Debit] Accounts receivable[Credit] Sales revenue

How do you do journal entry for Forecasting Sales?

There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.

Related questions

What is the journal entry to close sales?

Sales(debit) and income summary (credit)

What is the journal entry for a cash sell?

Debit Cash Credit Sales

What is journal entry for sales return?

[Debit] sales return [credit] cash / bank

What is the journal entry for credit sales with a discount?

Debit accounts receivableCredit sales revenue

What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX

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 sales return?

[Debit] Sales Return account [Credit] Cash account

Journal entry ofr credit sales?

[Debit] Accounts receivable[Credit] Sales revenue

How do you do journal entry for Forecasting Sales?

There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.

What is creditors journal?

is a book of first entry in which credit sales invoices are recorded

Journal entry for returned goods by customer?

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

What is the journal entry for sales returns and allowances?

Debit: Sales Returns & Allowances Credit: Accounts Receivable :)

Trending Questions

What is the swift code of Habib bank limited in Muzaffarabad Ajk? What level of government you should complain to if you think your sales taxes are too high? What are reasons accounting in change of current ratio? Can a credit card company reopen a charged off account? What resource contains listing of accounts receivable sales code accounting action and post codes? Why a cash budget would be of particular importance to a firm that experiences seasonal fluctuations in its sales? When using a perpetual inventory system why are discounts credited to merchandise inventory? Do you have to give half of your tax return to your husband or how much do you have to give him? How is cash buget used to help manage current assets? What is target costing process? Can you get w2 forms from 2004? How does one report someone to the credit bureau who has not paid debt? What transaction would cause increase and decrease asset account? Which two ratio are used in DuPont system to create return on assets? How long does a chase check take to clear at a chase bank? What are the advantages of cash and credit transactions? Is supplies a variable cost? How long does it take for a debt collection agency to collect a debt? Is Tax provision an appropriation of profit? How do you reduce the cash conversion cycle?

Still have questions?

imp

Previously Viewed

What is journal entry of credit sales?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.