Accounting for IGCSE & O level - Accounting Procedures (Section 16 - No. 17)
In the sales ledger, what is the accounting entry for a sale on credit?
Debit Sales Revenue, Credit Customer
Debit Customer, Credit Sales Revenue
Debit Cash, Credit Sales Revenue
Debit Sales, Credit Customer
Explanation
A sale on credit increases the amount owed. So debiting the customer's account, and crediting sales revenue is appropriate.
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