When a sale for $1,350 takes place with a $250 deposit having been received in advance, only the $1,100 on account is recorded in the revenue journal.

Name: When a sale for $1,350 takes place with a $250 deposit having been received in advance, only the $1,100 on account is recorded in the revenue journal.
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Quizplus · Accepted Answer

This is because only the amount received on account, i.e. $1,100, is recorded as revenue while the deposit of $250 is recorded separately as a liability until it is applied towards the sale.

When a Sale for $1,350 Takes Place with a $250