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Accounting treatment of Sales
11-05-2009, 02:20 AM
Post: #1
Accounting treatment of Sales
salam friends,

why sale is credit? give me a solid reason.

when sale is debit?give me a solid reason
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11-05-2009, 02:31 AM
Post: #2
 
[d]

solid kaun sa? loha ya copper?
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11-17-2009, 02:10 PM
Post: #3
 
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">
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11-17-2009, 02:13 PM
Post: #4
 
Sorry. Mujahid, I wrongly quoted your reply instead of atiq's.
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