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How do you do journal entry for Forecasting Sales?

Anonymous

∙ 10y ago

Updated: 9/19/2023

There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.

Wiki User

∙ 10y ago

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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

Related Questions

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

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