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It is nearly universal in today's accounting systems, to record sales
in double-entry accounting, for example:
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Increase in Cash (or
receivables), and
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Increase in Sales for
the month, or year, for the income statement.
The mirror image is
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Decrease in their Cash
(or increase in their payables), and
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Increase in Expense or
Purchases if for resale.
These are mirror images of
essentially the same transaction. Maintenance of accounting
records for the same transaction within Buyers' books and Sellers'
books, are a duplication of work.
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