When the goods are sold on credit, the following happens?
When the goods are sold on credit, the company does not receive the cash but a promise to be paid by the person buying the goods. These are the debtors or accounts receivables for the company. The journal entry for this particular transaction is: Dr. Debtors/Accounts Receivables Cr. Sales/Revenue As such the impact is that the debtors of the company increase.
FIFA has lifted the ban from which country's football federation with immediate effect?
What is the main reason for India's expected continuation of curbs on rice exports into 2024?
For 2022-23, an export target of ____ has been fixed by the Agricultural and Processed Food Products Export Development Authority (APEDA).
What is the floating rate saving bond?
What does V stand for in PM VIKAS Scheme?
What is the name of the Indian Navy's Landing Ship Tank amphibious assault ship that was recently decommissioned after 36 years of service to the nation...
Life Insurance Corporation (LIC) has increased the gratuity limit to __________ from Rs 3 lakh for its agents so as to provide them with increased finan...
Which life insurance company has launched the ‘NIFTY Smallcap Quality Index Fund’ in the ULIP segment that provides an excellent opportunity to pa...
Which Australian city has decided not to host the Commonwealth Games 2026?
Pushpa Kamal Dahal has become prime minister of which country?
