Education
Sale of Uniforms / Books (Inventory)
Recording a retail sale of merchandise to a student.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Student Account | Asset (+) | 100.00 | - |
| Merchandise Revenue | Revenue (+) | - | 100.00 |
| Cost of Goods Sold | Expense (+) | 60.00 | - |
| Inventory | Asset (-) | - | 60.00 |
💡 Accountant's Note
This follows standard retail accounting for the school's on-site shop.
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