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Question
Sales book is used to record ____________.
Options
all sales of goods
all credit sales of assets
all credit sales of goods
all sales of assets and goods
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Solution
Sales book is used to record all credit sales of goods.
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RELATED QUESTIONS
Answer the following question in one sentence:
Which sales are recorded in Sales Book?
Select the most appropriate answer from the alternatives given below and rewrite the sentence:
The source document for recording in Sales book is ______
State whether the following statement is True or False with reasons:
Assets sold on credit are entered in Sales Journal.
State whether the following statement is True or False with reasons:
Cash sales are entered in Sales Journal
The total of the sales book is posted periodically to the credit of _____________.
What is a sales book?
From the following transactions write up the Sales day book of M/s. Ram & Co., a stationery merchant.
| 2017 | Particulars |
| Jan. 1 | Sold to Anbu & Co., on credit 20 reams of white paper @ ₹ 150 per ream |
| Jan. 2 | Sold to Jagadish & Sons on credit 6 dozen pens @ ₹ 360 per dozen |
| Jan. 10 | Sold old newspapers for cash @ ₹ 620 |
| Jan. 15 | Sold on credit M/s. Elango & Co., 10 drawing boards @ ₹ 170 per piece |
| Jan. 20 | Sold to Kani & Co., 4 writing tables at ₹ 1,520 per table for cash |
Sold 50 Shirts at ₹ 300 per shirt and 40 Trousers at ₹ 600 each. What is the amount of sales?
Sold 30 Jackets at ₹ 500 per Jacket at 8% Trade discount, What is the amount of Trade discount?
| Cash Sales | Credit Sales | Total Sales | Total Debtors | |||
| 1,20,000 | + | 1,40,000 | = | 2,60,000 | − | ? |
