Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 36 - No. 23)

If a company receives cash for a product sold, what is the journal entry?

Debit Cash, Credit Sales Revenue

Debit Accounts Receivable, Credit Sales Revenue

Debit Sales Revenue, Credit Cash

Debit Inventory, Credit Cash

Cash is debited and sales revenue is credited in this case.