Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 4 - No. 46)
What would the double-entry accounting for a cash sale be?
Debit the sales account, credit the cash account
Debit the cash account, credit the purchases account
Debit the cash account, credit the sales account
Debit the purchases account, credit the cash account
Explanation
The correct double-entry for a cash sale is to debit the cash account and credit the sales account.
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