goods sale journal entry
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A sales journal entry records the revenue generated by the sale of goods or services.
...
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. ...
[credit] Revenue. ...
[credit]. ...
[credit] Sales tax liability.
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date
cash a/c dr
To sale a/c
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