Accountancy, asked by gchahat675, 6 months ago

bill receivable credit or debit​

Answers

Answered by grgourab1234
0

bill 8s receivable 8n credit

Answered by MysteriousAryan
6

Answer:

\huge\red{\boxed{\sf Debit }}

To record a journal entry for a sale on account, one must debit a receivable and credit a revenue account. When the customer pays off their accounts, one debits cash and credits the receivable in the journal entry. The ending balance on the trial balance sheet for accounts receivable is usually a debit.

Similar questions