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when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
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∙ 11y ago
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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 difference between sales account and sales ledger?
sales account is the account which contain all the information about sales transaction. it is prepared from journal entries. it shows the balance of the sales account while it is debit or credit. account sales is a statement. it is send by the consignee to the consignor. it contains detail about total sale, price, expenses incurred and the commission earned.
What is the difference between sales tax and vat?
Sales Tax is a tax charged on Sale of any item whereas VAT is value added tax charged on both sale & purchase.
Where would a sale on account be journalized?
Sales journal
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.
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 different between account sale and sale account?
when revenue is earned from charge-account sales, the accountant debits __________ and credits___________
What is the difference between sales account and sales ledger?
sales account is the account which contain all the information about sales transaction. it is prepared from journal entries. it shows the balance of the sales account while it is debit or credit. account sales is a statement. it is send by the consignee to the consignor. it contains detail about total sale, price, expenses incurred and the commission earned.
What is the difference between sale sand sales return?
sales is when u sale it dimwitt and sales return is when u return it dumbie
What is the difference between outdoor and indoor sales agents?
Type your answer here... Nothing but sales either way sale out and Counter sale
What is the difference between marketing or sales?
sale is a costumers and that buy what you sale and marketing is what you get in the market like food
What is the difference between corporate sales and institutional sales?
The difference between corporate sales and institutional sales is that the former is a type of sales transaction between one business and another. The latter is a financial sale made by affluent brokerage companies to high net worth investors.
When a sale is made on account which account is credited?
Cost of sales
What is the key difference between the sales era and the marketing department era?
The sales process is everything that you do to close the sale and get a signed agreement or contract. However it's ... What is the difference between marketing and sales? ... Remember the key to success in marketing and in sales is balance!
What is the key difference between the sales era and marketing department era?
The sales process is everything that you do to close the sale and get a signed agreement or contract. However it's ... What is the difference between marketing and sales? ... Remember the key to success in marketing and in sales is balance!
What is the difference between a Cake Sale and a Bake Sale?
Cake sales normally have Cake and Cupcakes and Bake sales have Bread and stuff related to bread (things that are baked mostly)
What is difference between presales and postsales?
A pre-sale is a sale that takes place before a big sales event. A post-sale is a sale that takes place after the big sale event.
