Josephine Debit recently started work with New Beginnings Ltd.It is her first job and she doesn't have a lot of accounting experience.When recording the sales for the day, she debited sales and credited cash.The entry is

Question

Quizplus · Accepted Answer

This entry is an error because sales should be credited and cash or accounts receivable should be debited. This would reflect the increase in sales and the increase in assets (cash or accounts receivable).

Josephine Debit Recently Started Work with New Beginnings Ltd