Maharashtra State BoardHSC Arts (English Medium) 11th
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State whether the following statement is True or False with reasons: Cash sales are entered in Sales Journal - Book Keeping and Accountancy

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MCQ
True or False

State whether the following statement is True or False with reasons:

Cash sales are entered in Sales Journal

Options

  • True

  • False

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Solution

This statement is False.
Credit sales of goods are entered in sales journal and cash sales transactions are to be recorded in cash book in the receipt side.
Concept: Sales Book Or Sales Day Book
  Is there an error in this question or solution?
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 5 Subsidiary Books
Exercises | Q 4. 4) | Page 170
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