Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 37 - No. 8)
What is the journal entry to record the sale of goods for cash?
Debit Cash, Credit Sales Revenue
Debit Sales Revenue, Credit Cash
Debit Accounts Receivable, Credit Sales Revenue
Debit Cash, Credit Accounts Receivable
Explanation
Selling goods for cash increases cash (debit) and sales revenue (credit).
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