0
debit accounts receivable
credit sales revenue
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∙ 9y ago
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The entries in a sales journal will show?
Entries in sales journal shows all the sales company has made on credit and no other transaction is part of sales journal account.
What are the two journal entries necessary to record a sale?
debit cash / accounts receivablecredit sales
How did Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check your answer
Journal entries for goods sold but paid by cheque?
rent a/c dr. To bank ac.
What entries are posted to the cash payment journal and not the general journal?
Are the payment for cash(people who came and buy for cash ) Any entry can be posted into the general journal. It is really messy and long to post the stuff in the sales, sales returns and allowances, purchases and purchases returns and allowances jounal into the general jounal so those journals are created to make things easier. So basically, any entries that are posted to the cash payments journal can be posted to the general journal.
The entries in a sales journal will show?
Entries in sales journal shows all the sales company has made on credit and no other transaction is part of sales journal account.
What is a journal voucher?
The entries such as "Rectification Entries", "Adjustment Entries", "Closing or Opening Entries" and Making or Providing for estimates are passed through an internal document called Journal Voucher. Book Entries are classified as: 1) Purchase Order Based Entries - Booking expenses and liability via GRN against a P.O 2) Sales Order Based Entries - Booking Sales & Scrap Sales 3) Treasury Entries - Entries involving Bank or Cash 4) Debit Notes 5) Credit Notes 6) Journal Entries Journal Voucher is the document through which the Journal Entries are made into the books.
What is journal entries when owner withdraw asset on sales price?
general journal
What are the two journal entries necessary to record a sale?
debit cash / accounts receivablecredit sales
What are the accounting journal entries to record a sale of inventory with discount?
debit accounts receivablecredit sales revenue
A sales return for credit on account would be recorded in what type of journal?
General Journal Sales Returns and Allowances - A company with sales returns and allowances can record them in the General Journal.
How do you journal entries for an item that is on sale?
If its cash sales Cash A/c ... Dr to Sales A/c If its Credit Sales Party(buyer) A/c Dr to Sales(Goods or service) A/c cr
Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check
How did Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check your answer
Examples for compound journal entries?
cash a/c dr 40,000 naresh a/c 20,000 sales a/c 60,000
Journal entries for goods sold but paid by cheque?
rent a/c dr. To bank ac.
What entries are posted to the cash payment journal and not the general journal?
Are the payment for cash(people who came and buy for cash ) Any entry can be posted into the general journal. It is really messy and long to post the stuff in the sales, sales returns and allowances, purchases and purchases returns and allowances jounal into the general jounal so those journals are created to make things easier. So basically, any entries that are posted to the cash payments journal can be posted to the general journal.
