Question

cash sale , define it from journal entry from Accounting... (AAA) ​

Answer 1

Answer:

sales journal entry records a cash or credit sale to a customer. It does more than record the total money a business receives from the transaction. Sales journal entries should also reflect changes to accounts such as Cost of Goods Sold, Inventory, and Sales Tax Payable accounts.

sales journal entry description

To create a sales journal entry, you must debit and credit the appropriate accounts. Your end debit balance should equal your end credit balance.

As a refresher, debits and credits affect accounts in different ways. Assets and expenses are increased by debits and decreased by credits. Liabilities, equity, and revenue are increased by credits and decreased by debits.