What account is credited when Venden records the sale of the cameras?

When Venden records the sale of the cameras, the account that is credited is Sales Revenue. This is because recording a sale involves recognizing the income generated from the sale of goods or services. In this case, when Venden sells the cameras, the company increases its revenue, which is reflected by crediting the Sales Revenue account.

In accounting, revenue accounts are credited to represent increases in the amount earned. When a sale is made, it typically involves a debit to either the Accounts Receivable account if the sale is on credit, or to Cash if the transaction was paid in cash. However, the credit is made to Sales Revenue to recognize that the business has earned revenue from selling its products. This is a fundamental aspect of accrual accounting, where sales are recorded when they occur, regardless of when cash is exchanged.

The other options pertain to different aspects of accounting: Accounts Receivable is debited when a sale is made on credit, Gross Profit is calculated as Sales Revenue minus Cost of Goods Sold but is not a direct account that gets involved in the sale transaction itself, and Cost of Goods Sold represents the expense incurred to produce the item sold, which is recorded at the same time the sale occurs but as a debit, not a credit.