Accountancy, asked by sannyyadav604, 5 months ago

credit sales is entered in​

Answers

Answered by AbhiThakur07
2

Explanation:

Your credit sales journal entry should debit your Accounts Receivable account, which is the amount the customer has charged to their credit. And, you will credit your Sales Tax Payable and Revenue accounts.

Answered by taniskakhushi55
1

Credit sales refer to a sale. The sales and receipts classes of transactions are the typical journal entries that debit accounts receivable and credit sales revenue, and debit cash and credit accounts receivable in which the amount owed will be paid at a later date.

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