answersLogoWhite

0

What is the journal entry to close sales?

User Avatar

Anonymous

∙ 13y ago
Updated: 8/20/2019

Sales(debit) and income summary (credit)

User Avatar

Wiki User

∙ 13y ago
Copy

What else can I help you with?

Related Questions

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 THE JOURNAL ENTRY FOR SALES DISCOUNTS?

expense


What is the journal entry for cash sales?

debit cashcredit sales revenue


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 cash sales?

Debit cash / bankCredit sales revenue


What is the journal entry for a sales return?

[debit] sales returnscredit cash / accounts receivable


What is the journal entry for sales?

Debit accounts receivable / bank / cashCredit sales revenue


How do you pass journal entry for cash sales?

Cash a/c Dr. To Sales a/c


How do you record a journal entry for consignment sales?

debit consignment accountcredit consignment sales


What is journal entry for sales return?

[Debit] sales return [credit] cash / bank


How do you record restaurant sales in a journal entry?

Debit cash /bankCredit sales revenue


What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX

Trending Questions
What is the constellation on the NZ flag? How many feet are in one inch? How many people can brake their arm a day? Is it legal to ride a mini dirt bike on sidewalks in New Jersey? Why do you form a little cloud when you exhale? What 5 x a number is than 8 less than the product of 3 ans sixteen what is the number? What is the significance of the keyword 'mv' in the context of the Linux command 'mv r'? What canadian city is in the same time zone as detroit? What is fundus of the eye? What was the last remnant of the Temple in Jerusalem? What is 700-381? Are impaired drivers incapable of making quick decisions in emergency situations? What is Archimedes principle Explain hot it enables heavy ships to float? What is storytelling in video games? What caused the extinction of the quagga? My boyfriend cheated on me with my sister and I would like to know how do I know if he's still cheating on me? How much do it cost to record a song in a studio? What is the firing order for a 2001 Kia Rio? When was My Fatal Kiss created? What examples of litter are there?

Resources

Leaderboard All Tags Unanswered

Top Categories

Algebra Chemistry Biology World History English Language Arts Psychology Computer Science Economics

Product

Community Guidelines Honor Code Flashcard Maker Study Guides Math Solver FAQ

Company

About Us Contact Us Terms of Service Privacy Policy Disclaimer Cookie Policy IP Issues
Answers Logo
Copyright ©2025 Answers.com. 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.