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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
How do you record a journal entry for consignment sales?
debit consignment accountcredit consignment sales
What is journal entry of cash sales?
Debit Cash $XXX Credit Sales $XXX
How do you post the closing journal entry for sales returns?
debit sales accountcredit sales return account
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 to close sales?
Sales(debit) and income summary (credit)
What is the journal entry?
Debit accounts receivableCredit 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
What is the journal entry for credit sales with a discount?
Debit accounts receivableCredit sales revenue
