Example of Credit Sale Journal Entry

Example of Credit Sale Journal Entry

Credit sales the amount of sales is credited and the customer is debited with receivable amount. The receivable amount is credited when it is received and cash is debited.

Example of Credit Sale

1. Sumaira made sales for 9000 to Rehan & C0. $ on credit on 28 Sep,2008

2. Rehan paid the amount on 28 Oct, 2008

Solution

Date	Particulars	Dr	Cr
28 Sep,2008	Rehan a/c	9000
28 Sep,2008	Sale a/c		9000

Date	Particulars	Dr	Cr
28 Oct ,2008	Cash a/c	9000
28 Oct ,2008	Rehan a/c		9000