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Determine the terms of Recording sales of merchandise
The SALES ACCOUNT is a temporary account with a normal credit balance. It's ONLY used to record sale of merchandise on account.
In a General Journal, Sales is credited; Cash is debited.
CREDIT SALES-Accounts Receivable, controlling account, and individual account is debited.
SALES JOURNAL- used only to record credit sales of merchandise.
Angel Individual investors which are often called angels, make capital investments in entrepreneurial ventures in return for equity (partial ownership) in the industry. These
Q. Objective of Recording business transactions? - Use the account as the essential classifying and storage unit for accounting information. - Articulate the effects of busi
Q. Describe about Capital? Capital -- money invested in a business by its owners. On the right side or bottom of a balance sheet. Capital also denotes to machinery, buildings a
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Q. What are Bad debts? Bad debts -- amounts owed to a company which aren't going to be paid. An accountreceivable becomes a bad debt when it's recognized that it won't be paid.
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at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is
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061689 bussines accounting and you All i need detail how to do it i watch video but im not understanding if anybody have more specific explanation details
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