journal entry of good sale on credit
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Account receivable Dr
sales. Cr
reason: account receivable is your asset while sales are your revenue so as per the rules increasing in revenues by making sales causes Sales Cr while after selling goods on credit the customer said to you that he'll pay the amount of your sales later amd you agreed on it orally that makes your increment in assets
sales. Cr
reason: account receivable is your asset while sales are your revenue so as per the rules increasing in revenues by making sales causes Sales Cr while after selling goods on credit the customer said to you that he'll pay the amount of your sales later amd you agreed on it orally that makes your increment in assets
Answered by
1
Debtors a/c Dr.
To sales a/c
(being goods sold on credit)
To sales a/c
(being goods sold on credit)
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