Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 36 - No. 10)
What is the journal entry for a company selling goods on credit?
Debit Cash, Credit Sales Revenue.
Debit Accounts Receivable, Credit Sales Revenue.
Debit Sales Revenue, Credit Accounts Receivable.
Debit Cash, Credit Accounts Receivable.
Explanation
Accounts Receivable is debited, and Sales Revenue is credited.
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