January 21, 2022

Without correctly documenting your credit sales, it’s easy to lose track of what’s owed to you, which can lead to cash flow issues. A credit sales journal entry is a type of bookkeeping transaction used to record the sale of goods or services on credit. The journal entry includes a debit to the Accounts Receivable and…

Train your staff so you can grow your business and post more transactions with confidence. Now, you see that the number of debit and credit entries is different. As long as the total dollar amount of debits credit sales journal entry and credits are in balance, the balance sheet formula stays in balance. The percentage…