Retail
Wholesale / Bulk Sale to Business Customer
Selling a large quantity to a business customer at a negotiated wholesale price.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Accounts Receivable (Business Customer) | Asset (+) | 2,320.00 | - |
| Sales Revenue (Wholesale) | Revenue (+) | - | 2,000.00 |
| VAT Output Tax Payable (16%) | Liability (+) | - | 320.00 |
| Cost of Goods Sold | Expense (+) | 1,200.00 | - |
| Merchandise Inventory | Asset (-) | - | 1,200.00 |
💡 Accountant's Note
Wholesale sales are invoiced on credit terms rather than collected at POS. Revenue and COGS are recognized at point of delivery when control transfers to the buyer.
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