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What is the journal entry for a sales return?
[debit] sales returnscredit cash / accounts receivable
Hutton Company uses a sales journal a purchases journal a cash receipts journal a cash disbursement?
check
What is the history of accounting for merchandising business?
In merchandising business, sales and purchases are the most common transactions. Special journals are used to record the transactions as they are very frequent and to make the accounting process simpler. The types of special journals used are Revenue Journals: sales journal and cash receipt journal. Expense Journal: purchase journal and cash payment journal. Earlier the accounts were hand written in the relevant books of accounts and tallied every month or half yearly or annually. However the same accounts are computerized for easier reference in the modern age.
Are home sales public record and accessible to the general public?
Yes, home sales are public record and accessible to the general public.
Are house sales public record?
Yes, house sales are typically public record and can be accessed through local government offices or online databases.
How do you record a journal entry for consignment sales?
debit consignment accountcredit consignment sales
How do you record restaurant sales in a journal entry?
Debit cash /bankCredit sales revenue
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.
How do you record a journal entry for sale on account?
Debit accounts receivableCredit sales revenue
How do you record a journal entry for an installment sale?
Installment A/r(dr) Installment sales(cr)
What need to happen when recording a journal entry for a sale account?
To record a journal entry for sales, the possession of goods or services is transferred from business to client or end user.
How do you record adjusting journal entry for credit sale?
Type your answer here... party a/c Dr. to sales
What is the journal entry to record sale of merchandise?
Debit accounts receivable / cash / bankCredit sales revenue
What is the format of the a journal entry to record the sale of inventory on account?
debit accounts receivablecredit sales revenue
WHAT IS THE JOURNAL ENTRY FOR SALES DISCOUNTS?
expense
What is the journal entry for cash sales?
debit cashcredit sales revenue
What journal entry to record sale of inventory?
Debit Cash / bank / accounts receivable xxxx Credit Sales revenue xxxx
