Sales invoice voucher Website link Sales invoice voucher: A sales invoice voucher, also referred to as a sales invoice or sales receipt, is an essential accounting document utilized to document the sale of goods or services. This document encompasses pertinent information such as the names and addresses of both the buyer and the seller, the… Read More »
Differentiate between a Purchase invoice or sales invoice To differentiate between a Purchase invoice or sales invoice, specific details within the document can be examined. Here are some key features that can help distinguish between the two: 1.Direction of transaction: Determine the nature of the invoice by identifying the direction of the transaction. A purchase… Read More »
Journal entry for sales invoice Journal entry for sales invoices, In a typical sales invoice journal entry, the following accounts are involved: Accounts Receivable: This account reflects the outstanding amount owed to the company by the customer for the sale. It is debited to increase the balance. Sales Revenue: This account represents the revenue… Read More »