Question

Help I'm seriously begging.

Can someone match these

Sales on account
Sales tax
Sales of asset
Accounts receivable
Cash sales

1. Liability
2. Assets
3. Debit accounts receivable (subsidiary) , credit sales
4. Debit cash account, credit sales account
5. Debit cash account, credit assets account

I will medal and fan pleaseeee

Answer 1

@rissyroo118 This is accounting right?

Answer 2

Sales on account
means that someone bought something from you, but can't pay you right now
so you write in your accounts receivable that you need to receive money from this person at a later date
and since you sold something, you credit sales

Answer 3

sales tax
this is a noun
when someone buys something from you, they pay you sales tax which is owed to the government.
owed = liability

Answer 4

accounts receivable
mentioned above, this is where you write when someone else owes you money
since they will be giving you money in the future, this account is an asset

Answer 5

sales of asset
this means that you have sold something
your money increases
and you have lost an object (what they bought)

Answer 6

cash sales
this should be self explanatory :)
there is only one option that involves both accounts of cash and sales :P

Answer 7

I hope I was able to help! @rissyroo118

If you still need help, feel free to tag me with @jigglypuff314 :)