Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 38 - No. 23)
What is the correct journal entry for recording sales revenue?
Debit sales, credit cash.
Debit cash, credit sales.
Debit accounts receivable, credit sales.
Debit sales, credit accounts receivable.
Explanation
For sales revenue, the bank balance is increased, and sales revenue is recorded.
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