What happen when u save cash sale and what are the postings done after saving

What happen when u save cash sale and what are the postings
done after saving it (which GL account will be updated)

Question Posted / mahamed_jeelan@yahoo.com

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What happen when u save cash sale and what are the postings done after saving it (which GL account..

Answer / p. mohapatra

When u save the cash sale accounting document is going to generate: Cash Sale A/c Dr.
to Sales Revenue A/c Cr.

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5 Yes

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What happen when u save cash sale and what are the postings done after saving it (which GL account..

Answer / venkat

The Accounting Entry that generates for Cash Sales is

Cash settlement A/c dr

to

Revenue A/c cr.

Is This Answer Correct ?

5 Yes

0 No

What happen when u save cash sale and what are the postings done after saving it (which GL account..

Answer / venkat

When u save cash sale below accounting document is generate.

Bank a/c Dr
To Sales revenue a/c

Is This Answer Correct ?

1 Yes

3 No

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