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Why do we credit sales?

Julian Wilson | 2023-05-07 15:01:46 | page views：1505
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Noah Wilson

Works at Microsoft, Lives in Redmond, WA
The asset account Cash is debited and therefore the Sales account will have to be credited. Also the accounting equation will remain in balance because the asset Cash is increased with a debit, and through the closing entries an owner's or stockholders' equity account will be increased with a credit.
2023-05-10 15:01:46
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Scarlett Patel

QuesHub.com delivers expert answers and knowledge to you.
The asset account Cash is debited and therefore the Sales account will have to be credited. Also the accounting equation will remain in balance because the asset Cash is increased with a debit, and through the closing entries an owner's or stockholders' equity account will be increased with a credit.
Why are sales a credit? | AccountingCoach
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