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Stationary/ Food Supplies

Cash sales ar...

Question

Cash sales are entered in sales journal.

A

True

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B

False

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Solution

The correct option is B False
The journal entry of cash sales is:
Cash A/c Dr.
To Sales A/c
The cash receipt journal is used to record sales of merchandise for cash.
The credit sales is recorded in sales journal. All transactions in the cash receipts journal involve the receipt of cash and hence, it is recorded by debiting cash.

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