Accountancy, asked by chithranadimuthu318, 8 months ago

sales which account in journal entries ​

Answers

Answered by Anonymous
2

Answer:

So a typical sales journal entry debits the accounts receivable account for the sale price and credits revenue account for the sales price. Cost of goods sold is debited for the price the company paid for the inventory and the inventory account is credited for the same price.

Answered by lathika138
0

Answer:

So a typical sales journal entry debits the accounts receivable account for the sale price and credits revenue account for the sales price. Cost of goods sold is debited for the price the company paid for the inventory and the inventory account is credited for the same price

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