accountingcomplete-accounting-sales-journal Complete Accounting Sales Journal

Complete Accounting Sales Journal

Sales in credit amount 1000 BDT. Vat %5 , Discount 50 BDT, Cost of inventory 600 BDT. Delivery Service Charge 80 BDT. Subtotal - 1000/- (Product sale) Vat (5%)- 50/- Delivery Charge 80/- (Service sale) ------------------------- 1130/- Discount - 50/- ------------------------- 1080/- Cost 600/- ------------------------- 480/- Tax Payable -50/- ------------------------ Profit 430/- 1. Credit Sales Journal
Title Dr Cr
Account Receivable 1000
Sales Revenue 1000
2. Product has been Delivered Journal
Title Dr Cr
COGS 600
Inventory 600
3. Sales Tax Journal
Title Dr Cr
Account Receivable 50
Sales Tax Payable 50
4. Sales Discount Journal
Title Dr Cr
Discount 50
Account Receivable 50
5. Delivery Service Journal
Title Dr Cr
Account Receivable 80
Delivery Service 80
6. Cash Receipt Journal
Title Dr Cr
Cash 980
Account Receivable 980