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Goods sold for cash
The two aspects are?
Debit the Cash (Cash Increase) and Credit Sales ( Goods inventory decrease)
The two aspect as we sold goods for cash are:
1.cash debit(increase)
2. inventory credit (decrease)
Debit Cash and Credit Cash Sales
for inventorty
Debit Cost of Sales and credit Inventory
Debit Cash A/c and Credit Inventory a/c
Cash A/c
To Sales A/c
(Being goods sold for cash taken into account)
The two aspects are
Debiting Cash Account and Crediting Sales Account
cash a/c....... dr
to sales a/c
1. Increase in Cash Account
2. Inventory reduced.
Purchases Debits daybook, for recording all the purchase . Cash daybook, usually known as the cash book, for recording all money paid.
The two aspects are:Debiting Cash Account andCrediting Sales Account
Debiting Cost of Goods sold andCrediting Inventory Finished Goods
Retail Transaction.
Debit Cash to Credit Sales.