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Double Entry

ontour · 2009-10-29 11:42:55

Hi, Im new to accounting :) Just wondering if I can get some help, what should my double entry for cash sales be, I put it in the cash book and my books are saying cash sales should not be recorded in the sales ledger but my balance is out by the amount of the cash sales

29-10-2009 11:42am

#1

ontour

Closed Accounts Posts: 330 ✭✭

Join Date: July 2008

Posts: 297

Hi, Im new to accounting Just wondering if I can get some help, what should my double entry for cash sales be, I put it in the cash book and my books are saying cash sales should not be recorded in the sales ledger but my balance is out by the amount of the cash sales

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Comments

#2 29-10-2009 12:02pm

Snowdrop

Closed Accounts Posts: 148 ✭✭

Join Date: May 2007

Posts: 127

Unless you have a cash sales account in your sales ledger, cash sales should be entered through the bank as a cash receipt. Dr bank and cr sales(get the code from your nominal listing). You may need to record the VAT at this point.

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