Journalizing Sales and Cash Receipts
customer- a person or business to whom merchandise or services are sold.
sales tax- a tax on a sale of merchandise or service.
sales tax has a normal balance of a credit.
cash sale- sale in which cash is received for the total amount of the sale at the time of the transaction.
credit card sale- sale in which a credit card is used for the total amount of the sale at the time of the transaction.
Friday, November 16, 2007
Subscribe to:
Post Comments (Atom)
What is accounting to you
My obsessions
I am a automotive freak! Anything that goes really fast and looks shinny... im hooked. Hopfully accounting will teach me how to budget and keep up with my money so one day I will be able to afford one of my dreams.
1 comment:
Did u understand chapter 11 the journalizing cash and credit card sales. u understand the merchandise
Post a Comment