Sales Journal Entry: Cash and Credit Entries for Both Goods and Services
In other words, goods are the commodities that are purchased and sold in a business on a daily basis. Goods are denoted as ‘Purchases A/c’ when goods are purchased and ‘Sales A/c’ when they are sold. The term can also refer to the selling organization of a business, and the activities this group engages in […]
Sales Journal Entry: Cash and Credit Entries for Both Goods and Services Read More »