What Is Sales In Accounting
Sales is the price of goods sold or services rendered to customers For Cash or For Credit or On Account. You Can Also Study, ” What Is Purchases In Accounting ” As it is a Direct Revenue or Income for the business, so it is a direct source of Revenue and necessary to generate for the Survival And Stability of the Business . Sales Journal Entry For Example, Mr. A Sold 3 Computers to Mr. B for Cash Rs. 50000, then it is a Cash Sales Transaction and following Entry is passed in the Cash Book of business as shown below: Cash a/c 50000 ...