> Lets say you sell a service to someone, a year of service for $100. This sounds simple, debit cash for $100 and credit sales revenue for $100
I'm confused, this seems like you would credit both cash and sales revenue $100... since you'd have received $100 from whomever bought your service, so youd have $100 more cash, and for tax accounting, you'd have sold $100 worth of stuff as well.
I'm confused, this seems like you would credit both cash and sales revenue $100... since you'd have received $100 from whomever bought your service, so youd have $100 more cash, and for tax accounting, you'd have sold $100 worth of stuff as well.