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do you know what a cash shout is and how to record it Im Thomas Harwood and welcome to the accounting student where we create free and short videos so that you can learn about accounting todays video is looking at how to record a cash sale [Music] first of all ASAP can be described as the goods or services sold to a customer there are two main types of sales they are cash Sales and Credit sales in this video we are going to look at Cash sales because this type is the most common type out of the two a cash sale is where goods or services were sold to a customer and to the customer pays by cash or any other payment method at the time of sale when there is a cash sale of stock or inventory we enter the credit entry in the sales t account and the corresponding debit entry will be in a bank or cash t account lets now look at how sales of stock in cash is traded in their accounts on the 2nd of July 2016 goods were sold for 35 pounds with the cash being received immediately at the time of
