Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

I've 2 pens, Cost 1 USD Per Pen, in my inventory . I sold one pen for 2 USD. What would be my journal entry for delivery and billing?

Accounting Financial Accounting Financial Analysis IFRS SAP
user-image
Question added by Mohammed Mohammed , Senior SAP Consultant , Abyat Mega Store
Date Posted: 2017/04/19
Upvote (0) Views (4) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Sohail Rizki
by Sohail Rizki , Head of Accounting , EnerVest

Debit - Bank/Cash $2 (if it is a cash sales)

or

Debit -  Customer X $2 (if it is a credit sales)

Credit - Sales             $2

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help