Question

4.
what is th journal entry of Cash sales
5500​

Answer 1

Answer:

In the case of a cash sale, the entry is: [debit] Cash. Cash is increased, since the customer pays in cash at the point of sale. [debit] Cost of goods sold.

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Answer 2

Answer:

Cash A/C Dr 4500

Sales A/C 4500

Explanation:

in case of Cash Sales : Cash is being received and selling of goods is a means to earn income. Cash is a Real A/c here and Sales is Nominal A/c.