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The entry of sales refers to the recording of sales transactions in the accounting system.
Sales entry includes recording the date, customer name, product or service sold, quantity, unit price, and total amount.
It is important to categorize sales correctly, such as distinguishing between cash sales and credit sales.
Sales entries are typically recorded in the sales journal or general journal, and then posted to the appro...
The entry of bad debts is a financial transaction that records the amount of money owed by customers who are unlikely to pay.
Bad debts are recorded as an expense in the income statement.
The entry involves debiting the bad debt expense account and crediting the accounts receivable account.
The amount of bad debts is typically estimated based on historical data or specific customer circumstances.
Example: If a customer owe...
I applied via Naukri.com and was interviewed in Apr 2024. There were 3 interview rounds.
I applied via Recruitment Consulltant and was interviewed in Feb 2024. There were 2 interview rounds.
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I applied via Recruitment Consulltant and was interviewed in Oct 2023. There were 2 interview rounds.
I applied via Walk-in and was interviewed in Jul 2023. There were 2 interview rounds.
I applied via Walk-in and was interviewed in Oct 2023. There were 2 interview rounds.
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