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4,967 Posts.
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01/09/16
09:42
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no... you seem confused....these are balance sheet items it s a cashflow issue ...not profit..
- Sales transaction paid in Cash
Dr Bank Account
Cr Sales
or
- Sales transaction on credit or paid later
Dr Accounts Receivable
Cr Sales
- Customer Pays outstanding acc
Dr Bank Account
Cr Accounts Receivable
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