what is the journal for cash sales dollar 624
Answers
The journal entry of cash sales is:
Cash A/c Dr.
To Sales A/c
The cash receipt journal is used to record sales of merchandise for cash.
The credit sales is recorded in sales journal. All transactions in the cash receipts journal involve the receipt of cash and hence, it is recorded by debiting cash.
Journal entry
Explanation:
Books of (----Limited)
Journal Entry
Date Account Title and Explanation Debit Credit
Cash A/c Dr. $624
To Sales A/c $624
(Being goods costing $624 sold)
Note: Goods go out from the business so, the sales account will be credited.
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