Cash sales debit or credit?
Monday, 11 July 2022
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Sales returns, on the other hand, will reduce the income generated from sales as the customers return the purchased goods, and so will go on the debit side. In T-accounts, the debit and credit entries record changes in value resulting from business transactions. Hence, a debit entry in an account would basically mean a transfer
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Title: Section 441 296 Responsibility accounting New York Codes, Rules and Regulations
Tuesday, 09 February 2021
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- Published in Bookkeeping