Frequently Asked Questions

Where are my debtors in cash accounting?
Last Updated 7 years ago

When operating the book on cash accounting principles we do not record the sales in the trade debtors account because under cash accounting principles revenue is not recognised until it is received. However every sale is recorded in the sales journal and there are reports in Bookkeeping that examine the sales journal and other journals to determine what money is owed to you by your customers.

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