Question

Question

How would your company track sales income in a journal entry in the accounting cycle?

(1 point)
Responses

recorded as a credit

recorded as a credit

recorded as a debit

recorded as a debit

recorded as a balance

recorded as a balance

recorded as a closure

recorded as a closure

Answer 1

Sales income would be recorded as a credit in a journal entry in the accounting cycle.

In accounting, revenue (such as sales income) is typically recognized as a credit, while expenses and assets are recorded as debits.