Sales
Journal Entry
Sales are credited being income
for the organization and cash or account receivable is debit. For example ABC
& Co made sales of $ 50,000 to a customer. Then journal entries would be as
under
Cash
Sales Journal Entry
If sales are made on cash,
then the entry would be as under
|
Date
|
Particulars
|
Dr.
|
Cr.
|
|
|
Cash
a/c
|
$ 10,000
|
|
|
|
Sales a/c
|
|
$ 10,000
|
Credit
Sales Journal Entry
If sales are made on credit,
then the entry would be as under
|
Date
|
Particulars
|
Dr.
|
Cr.
|
|
|
Account
receivable a/c
|
$ 10,000
|
|
|
|
Sales a/c
|
|
$ 10,000
|
