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Which side is used for "Cash Sales" in Receivable ledger ? A - Debit Side B - Credit Side C - Contra D - None

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Accounts Receivable Sales Management Sales Business Development Management
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Question added by Zeeshan Ahmad , Accountant , Tech Petroleum LLC
Date Posted: 2014/10/19
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Ihab Merhi
by Ihab Merhi , Director of Finance and Administration , IBH Levant and Africa SAL

None.

It's a cash sales transaction, you debit the cash/bank account and credit the sales account.

Siddiq Bin Dhalaal
by Siddiq Bin Dhalaal , Accountant , National Marine Dredging Company

none

Amro Albadwi
by Amro Albadwi , Senior Accountant , Jeraisy Computer & Communication Services . Jaddah

none

zafar abbas minhas
by zafar abbas minhas , Freelance Writer , DAILY MASHRAQ

may be on debit side.......... not good in money matters..........

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