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Where do you post Credit Sales in Trading or P& L Account,
or should we deduct from the actual sales and put the net
figures in the column. Clarify
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Answer Posted / toms thankachan
all the sales should be shown in Credit side of the Trading
account.
All the sales invoices have to be entered as sales and on
payment reciepts we can use the cash voucher to record the
cash receipts & others will remain as outstanding.
This case is generally applicable in case of B2B.
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