South Africa Credit Sales in Double Entry system

[Lilly]

Hi,

If I make a credit sale of $1200 to a client, I would debit the debtor's control account and credit the sales account, correct? What is the effect on Assets or Owner's Equity? Do they increase or decrease?

Thank you.

 

[Triest123]

Hi,

If I make a credit sale of $1200 to a client, I would debit the debtor's control account and credit the sales account, correct? What is the effect on Assets or Owner's Equity? Do they increase or decrease?

Thank you.

=> Yes . Both Assets & Owner's Equity increase