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Why are cash sales not recorded in the sales ledger control account?
a ledger account if made for credit sales.
Does cash sales and credit sales equal net sales?
yes they do but if the cash sales and credit sales ar the same number they equal subsales
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 is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
Will a debit increase sales?
Sales has credit balance as default balance so it means only credit can increase the sales and that;s why all debit reduces the sales because it is reverse of credit balance.
Why are cash sales not recorded in the sales ledger control account?
a ledger account if made for credit sales.
What is the importance of credit sales?
Credit Sales increases the amount of sales and sales volume.
Does cash sales and credit sales equal net sales?
yes they do but if the cash sales and credit sales ar the same number they equal subsales
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
Is sales a debt or credit?
A credit.
Different between credit control and salesperson?
Credit Control is the part of business which is responsible for negotiation with creditors and receiving debt timely from debtors. However, a sales person is only responsible for marketing and selling the company products.
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 were Credit Agricole's sales in 1995?
Credit Agricole had 1995 sales of $32.34 billion
What is the difference between credit sales and accounts payable?
Credit sales referes to sales and accounts payable referes to bank
Is product sales normally debit or credit?
Sales revenue has a credit balance as a normal balance so product sales also has credit balance as normal balance.
Will a debit increase sales?
Sales has credit balance as default balance so it means only credit can increase the sales and that;s why all debit reduces the sales because it is reverse of credit balance.
Is accounts receivable included in sales?
There are two kinds of sales, one is cash sales and other once is credit sales. Whenever sales are made on credit it will create accounts receivable which will be shown in balance sheet as current asset. So it means that accounts receivables are created due to credit sales so it is already included in sales So; Total Sales = Cash Sales + Credit Sales (Accounts Receivable)
