goods sold to haroon overcasted by 1000
debit sales account 220credit suspense account 220
debit accounts receivablecredit sales revenue
sales ledger
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
Debit cash / bankCredit sales revenue
debit sales account 220credit suspense account 220
debit bankcredit sales
debit accounts receivablecredit sales revenue
sales ledger
There is no journal entry for forecasting sales rather journal entry is made for actual sales when they occur.
Cash collected from sales of tickets should be charged to sales rather then unearned revenue so the correct entry is as follows: [Debit] Unearned Revenue xxxx [Credit] Sales revenue xxxx
"Overcast" is the correct summary for a cloudy day.
Even though it is almost summer, we still have overcast skies and light rain.
debit cashcredit sales revenue
The accounting entry for sales return under warranty is the accrued warranty liability. This entry is written under warranty expense.
Buyer a/c dr. To Sales a/c. The GAAP shows such an entry as: Account Receivable (debit) $$$ Sales (Revenue) (credit) $$$ This is based on Double-Entry Accounting as standardized by the GAAP. For.buyer's a/c dr. amount to sales a/c amount Accounts-receivable and Sales(sales being in your Results and accounts-receivable in your balance sheet
Sales(debit) and income summary (credit)