Question

Sale day book is kept to je could
10) credit
sales of merchandise
6.
All cosh Sales only,
(6) All Sales both cash and child it.
ld. Sales of fixed assets anly.​

Answer 1

Answer:

Sales book records only credit sale of goods. It does not record cash sales of goods or credit sale of assets. Sales account is always credited for sale, so the sales book always show credit balance. The sales journal is also totalled periodically and this total is credited to sales account in the ledger.

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