Question
When sales of merchandise are made for cash, the transaction should be recorded by the following entry: Dr Cash Cr Sales Revenue Dr Sales Revenue
When sales of merchandise are made for cash, the transaction should be recorded by the following entry:
|
| Dr Cash Cr Sales Revenue |
|
| Dr Sales Revenue Cr Cash Discounts |
|
| Dr Sales Revenue Cr Cash |
|
| Dr Sales Revenue Cr Sales Returns and Allowances |
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The Partnership And Alliances Audit
Authors: David Connell, Peter J. LaPlaca, Kenneth Wexler
1st Edition
1907766065, 978-1907766060
