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Q: Which source document is used for cash sales?
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What is the purpose of source document?

When a business transaction occurs then documents is called source document. Examples of source documents are: 1. cash receipt 2. cancelled check 3. Invoice sent or received 4. Employee Time sheet


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Revenue is equal to credit sales?

Revenue is often used synonymously to the word sales (cash & credit both)


What is account sales?

A sales account is an account used for cash and credit sales for a specific period of time. It can also be an account that brings money from outside into a firm.


What journal columns are used to record receiving cash from sales?

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)


Is cash flow projection is the same as sale forecast?

Yes cash flow projection is same like sales forecast. In sale forecast market data is used to determine the future sales while in cash projection all sales purchases projection is done to find out when will cash inflow and outflow occur.


What are the business document used in accounting?

Cheques, Receipts, Payment invoice, Cash invoice,