Accounting for IGCSE & O level - Accounting Procedures (Section 26 - No. 31)
How do you record cash sales in the accounting system?
Debit customer's account, credit sales
Credit customer's account, debit sales
No entry in the customer's account, debit cash, credit sales
Debit bank, credit sales returns
Explanation
Cash sales do not affect the individual customer accounts; the entry is debit cash and credit sales.
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