what kind of transaction are recorded in sales book
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Sales Book
A Sales book is a record of all credit sales made by a business. 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.
For example, the following entries of sales appear in the books of ABC Ltd.
- Jan 7 – Sold 10 Keyboards to A & Co. for 300 each.
- Jan 24 – Sold 5 headphones to X & Co. for 200 each.
Sales book of ABC ltd will appear as follows:
(note:- see on the above picture)
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anshganiwala007:
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