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Question
What is a sales book?
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Solution
- A sales book is a subsidiary book maintained to record the credit sale of goods. Goods mean the items in which the business is dealing.
- These are meant for regular sale.
- Cash sale of goods and sale of property and assets whether for cash or on credit are not recorded in the sales book.
- This book is also named as sales daybook, sold day book, sales journal, or sale register.
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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
Sales book is used to record ____________.
The total of the sales book is posted periodically to the credit of _____________.
Enter the following transactions in sales (journal) book of M/s. Bansal electronics 2014:
September
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01 |
Sold to Amit Traders as per bill no.4321 |
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20 Pocket Radio @ 70 per Radio |
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2, T.V. set, B and W.(6'') @ 800 Per T.V. |
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10. Sold to Arun Electronics as per bill no.4351 |
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5 T.V. sets (20'') B and W @ ₹ 3,000 per T.V. |
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2 T.V. sets (21'') Colour @ ₹ 4,800 per T.V. |
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22 |
Sold to Handa Electronics as per bill no.4,399 |
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10 Tape recorders @ ₹ 600 each |
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5 Walkman @ ₹ 300 each |
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28 |
Sold to Harish Trader as per bill no.4430 |
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10 Mixer Juicer Grinder @ ₹ 800 each. |
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 | − | ? |
