The Journal Entry To Record A Credit Sale Is What?
As, there are two system of Inventory recording, so Journal Entry to record a credit sale is also depended under both system. 1. Under Perpetual Inventory System The Journal Entry to record credit sale of inventory sold is shown below: Accounts Receivable a/c XXX Sales a/c XXX (Goods Sold Or Services Rendered On Account) Accordi ng to the Matching Principl...