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Is sales revenue closed with debit or credit?

Anonymous

∙ 15y ago

Updated: 9/17/2023

In Bookkeeping always remember this Cash is always a Debit to the bank so the sale has to be a credit

Wiki User

∙ 15y ago

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Journal entry for returned goods by customer?

[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return

What is the journal entry for sold goods for cash?

Debit cash / bankCredit sales revenue

When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?

When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns

Is sales a credit or debit?

Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.

Journal entry ofr credit sales?

[Debit] Accounts receivable[Credit] Sales revenue

Related Questions

Journal entry for returned goods by customer?

[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return

How do you jourmalize sales on account?

[Debit] accounts receivable [Credit] Sales revenue

How do you sales entry?

Debit Accounts receivable / cash Credit Sales revenue

What is the journal entry for sold goods for cash?

Debit cash / bankCredit sales revenue

What is the equation once unearned revenue has been earned?

[Debit] Unearned revenue [Credit] Sales revenue

How do you enter sales entry?

Debit Accounts receivable / cash Credit Sales revenue

What is the journal entry for credit sales with a discount?

Debit accounts receivableCredit sales revenue

When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?

When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns

Is sales a debit balance?

Sales is a revenue account and like all revenue accounts sales also has credit balance as normal balance and cash or accounts receivable are debit against it.

Is sales a credit or debit?

Sales is a revenue account and all revenues has credit balance as default balance so sales also has credit as default balance while cash or accounts receivable will be debited against it.

What will be the entry of the sales of goods?

[Debit] Cash / bank / accounts receivable [Credit] sales revenue

Journal entry ofr credit sales?

[Debit] Accounts receivable[Credit] Sales revenue

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