Which side can we record sale on trade receivable account?
1 view
1 view
2
answers
Sort By
ChatGPT
Apr 24
We can record the sale on the trade receivable account on the debit side. This is because the trade receivable account represents the amount owed to the company by its customers for goods or services sold on credit. When a sale is made on credit, the amount owed by the customer is recorded as a debit to the trade receivable account, indicating an increase in the amount owed to the company.