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goods sold to haroon overcasted by 1000

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12y ago

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How do you enter a entry in to journal to correct errors when the sales day book has been overcast by 220?

debit sales account 220credit suspense account 220


What is the correct journal entry for electronic deposits from sales that are not on the books as accounts receivable?

debit bankcredit sales


What is the correct journal entry for accrued receivable?

debit accounts receivablecredit sales revenue


Which ledger account is affected by an overcast inward journal?

sales ledger


How do you do journal entry for Forecasting Sales?

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


What is the journal entry of cash collected from sale of tickets and recorded as unearned revenue?

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


What can you do on a cloudy day?

"Overcast" is the correct summary for a cloudy day.


What is the correct punctuation of Even though it is almost summer we still have overcast skies and light rain?

Even though it is almost summer, we still have overcast skies and light rain.


What is the journal entry for cash sales?

debit cashcredit sales revenue


What is the accounting entry for sales return under warranty?

The accounting entry for sales return under warranty is the accrued warranty liability. This entry is written under warranty expense.


What is the past tense of overcast?

The past tense is also 'overcast'.


How do you pass entry to credit sales?

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