11-17-2009, 02:10 PM
Dear. Sales transaction is credited because
i. You need to debit something against this credit.
ii. You will debit whatever you receive in return of this transaction, it can be a cheque, cash or something else.
iii. If cash sales is made. Then you will be receiving cash in return. cash is a real account and always debited when increases.
while on the other hand sales is a income account and credited when it is increasing.
regards,
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Mujahid</i>
<br />[d]
solid kaun sa? loha ya copper?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
i. You need to debit something against this credit.
ii. You will debit whatever you receive in return of this transaction, it can be a cheque, cash or something else.
iii. If cash sales is made. Then you will be receiving cash in return. cash is a real account and always debited when increases.
while on the other hand sales is a income account and credited when it is increasing.
regards,
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Mujahid</i>
<br />[d]
solid kaun sa? loha ya copper?
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
