Sales Journal Entry

Sales Journal Entry

Sales being income for the organization is credited, while other aspect which may be cash or debtor is credited in the books of accounts. In case of cash sales is the amount of cash is debited, while in case of credit sales the debtor is debited. This has been explained with example

Types of Sales Journal Entry

Sales journal entry can be broadly classified into cash sales journal entry and credit sales journal entry. These both entries have been explained with an example below;

Cash Sales of $ 60,000.

Credit Sales of $ 70,000 to Ahmed

1.   Cash Sales Journal entry:

In case of cash Sales, the amounts of Sales are credited and cash is debited in the books of accounts.

Date	Particulars	Dr.	Cr.
	Cash	$ 60,000
	Sales		$ 60,000

2.   Credit purchase Journal entry:

In credit sales, the amounts of sales are credited and debtor is debited.

Date	Particulars	Dr.	Cr.
	Ahmed	$ 70,000
	Sales		$ 70,000