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What journal columns are used to record receiving cash from sales?
Wiki User
∙ 12y ago
as a record cash payment bill.like the following:cash in hand (Dr)Sales or Sales Revenues (Cr)&Cost of goods Sold (Dr)inventory (Cr)
Wiki User
∙ 12y ago
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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.
What is the use of a sales journal?
A sales journal is used to record all sales transactions made by a company. It helps track sales revenue, monitor the performance of salespeople, and provide a detailed record for financial reporting and analysis.
Does a purchases journal record sales on account?
Purchase journal only records and deals in with purchases and don't deal with sales items.
How do you record restaurant sales in a journal entry?
Debit cash /bankCredit sales revenue
How do you record a journal entry for consignment sales?
debit consignment accountcredit consignment sales
The cash receipts journal usually has special columns for the accounts that a business uses the most often in recording its cash receipts?
sales account sales account
What are the columns of general journal?
General ledger has the following columns:DateExplanationCash DebitAccounts Receivable(Credit)Sales(Credit)Other creditsFolioAccounts Title
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
How do you record a journal entry for an installment sale?
Installment A/r(dr) Installment sales(cr)
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
How do you record adjusting journal entry for credit sale?
Type your answer here... party a/c Dr. to sales
