Restaurant
Dine-In Cash Sale
Recording a standard table sale paid in cash at the end of the meal.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash in Hand | Asset (+) | 116.00 | - |
| Food Sales Revenue | Revenue (+) | - | 100.00 |
| Sales Tax Payable (VAT Output 16%) | Liability (+) | - | 16.00 |
💡 Accountant's Note
The full amount received includes 16% VAT (Jordan). Revenue is only the pre-tax amount. The tax collected belongs to the ISTD and is a liability until remitted.
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Expert Analysis by Qusai Ahmad
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