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Sophie [7]
1 year ago
13

When calculating the balance of the sales revenue account, you find that the balance is lower than expected. However, according

to your balance sheet and your analysis of the accounting equation, all of your debits and credits are equal across accounts. What is the most likely explanation for this?.
Business
1 answer:
tamaranim1 [39]1 year ago
8 0

The balance in the sales revenue is lower than expected is due to may be you forgot to record the journal of sales transaction.

Journal is the first step to record the transaction . under this accounts are debited and credited which is based upon the transaction. After recording of journal it is posted in the ledger account which effects all the financial performance.

As journal entry is not recorder there will be no impact in the balance sheet which results in the equalization of all debits and credit.

For recording of the journal sales account is credited where cash or debtors account is debited. So if it is forgot to record then it will not impact any of the account.

This may be concluded as error to forgot to record the transaction. To avoid this invoice of each sale should be matched with the journals . Proper audit of accounts should be done on timely basis.

To know more about journal entry:

brainly.com/question/28390337

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