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The sales journal is used to record all of the company sales on credit. Most often these sales are made up of inventory sales or other merchandise sales. Notice that only credit sales of inventory and merchandise items are recorded in the sales journal. Cash sales of inventory are recorded in the cash receipts journal.
The Philippine Business and News: English: Daily: National Rappler [7] English: Daily: National SunStar Manila: English: Daily: National POLITIKO: English: Daily: National Bilyonaryo: English Daily National Asul TV English/Filipino Daily National Daily Sun Chronicle: English Daily National
A Cash receipts journal is a specialized accounting journal and it is referred to as the main entry book used in an accounting system to keep track of the sales of items when cash is received, by crediting sales and debiting cash and transactions related to receipts. Sales on account are booked instead in the sales journal. [1]
For example, if fifty sales on account were made during one day, fifty ledger postings would have to be made to three general ledger accounts: Accounts Receivable, Sales, and Sale Tax Payable. In special journal, transactions are recorded in a single line, and the format of the journal made it possible to post only the total amount for each ...
Metro Manila has four major English-language daily papers: the Manila Bulletin, The Manila Times, the Philippine Daily Inquirer, and The Philippine Star. [ 1 ] [ 2 ] Broadsheets
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Philippine Daily Inquirer comes in second at 38%, followed by Philippine Star at 14%. Results from the global survey 2020 Digital News Report , an annual project of the Reuters Institute for the Study of Journalism at Oxford University , revealed that Manila Bulletin, together with The Philippine Star and TV5 , was the second most trusted brand ...
Gross sales are the sum of all sales during a time period. Net sales are gross sales minus sales returns, sales allowances, and sales discounts. Gross sales do not normally appear on an income statement. The sales figures reported on an income statement are net sales. [4] sales returns are refunds to customers for returned merchandise / credit ...