Credit Sales
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MS: Jualan Kredit · EN: Credit Sales · ZH: 赊销
Meaning
Credit Sales are sales of goods for which payment is received later, creating debtors. In incomplete records, credit sales are found through the Debtors Control Account: Credit sales = Closing debtors + Receipts from debtors - Opening debtors, plus adjustments such as discount allowed and bad debts.
Example
Ceria Shop's debtors: opening balance RM4,000, cash received RM30,000, closing balance RM6,000, no other adjustments. Credit sales = 6,000 + 30,000 - 4,000 = RM32,000.
Source: DSKP KSSM Prinsip Perakaunan Tingkatan 5