UK receipts from trade receivables?

[punkech]

why do you increase cash and not sales revenue?

I.e receipts from trade receivables £132,000

balance sheet
Current assets
cash - 132,000

income sheet
sales revenue (?)

thx

 

[Triest123]

why do you increase cash and not sales revenue?

I.e receipts from trade receivables £132,000

balance sheet
Current assets
cash - 132,000

income sheet
sales revenue (?)

thx

=> It is only the settlement of trade debts

 

[punkech]

so its not actually putting any cash in day bank! !!?

how would you explain this on the balance sheet?

 

[punkech]

its ok haha I got it now