Sales book is a part of Journal.
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It is one of the secondary book of accounts and unlike cash sales which are recorded in cash book, sales book is only to record credit sales. The amount entered in the sales book is on behalf of invoices supplied to purchasers. A Sales book is also called Sales Journal or Sales Day Book.
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Answer: The subsidiary book is the book for sales day. The divisions of "Journal" are subsidiary books.
Explanation:
- Sales books are intended for tracking comparable transactions in a separate book.
- When there are numerous transactions, the journal is split up into sub-books in order to record all of the events in one book.
- Other names for a sales day book include sales book, sales diary, sold book, etc.
- It is an original entry book, or a subsidiary book. It serves as a central repository for the business's credit sales and is manually updated.
- Financial transactions are documented in a general journal entry. The transactions are recorded in the order in which they happened.
- Typically, general notebooks include details on transactions like cash receipts and payments. It may also include sales, acquisitions, and inventory balances.
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