Sales Day Book:
Definition and Explanation:
A sales book is also known as sales
day book is a book of original entry in which are recorded the
details of credit sales made by a businessman. Total of sales book shows the
total credit sales of goods during the period concerned. Usually the sales
book is totaled every month. The sales day book is written up daily from the
copies of invoices sent out.
Posting:
The total of the sales book is credited to
sales account. Customers whose names appear in the sales book are debited
with the amount appearing against their names.
Double entry is thus completed.
Format of Sales Day Book:
The following is the format of sales day book:
|
Date |
Particulars |
Inv. No. |
L.F. |
Amount |
| |
|
|
|
|
Example:
From the following transactions of a trader
prepare the sales day book of M. Amin and post it into ledger:-
| 1991 |
|
$ |
| January 5 |
Sold goods to ideal
college |
200 |
| "
10 |
Sold goods to Ahmad & Co. |
100 |
| "
20 |
Credit sales to Karim
Bakhish |
400 |
| "
31 |
Sold goods to cheap stores |
100 |
Solution:
Purchases Day Book
|
Date |
Particulars |
D/N |
L.F. |
Amount |
|
1991
Jan. 5
" 10
" 20
" 31 |
Idea college
Ahmad & Co.
Karim Bakhish
Cheap stores
|
|
|
$
200
100
400
100 |
|
800 |
Sales Account
|
|
|
|
1991
Jan. 31 |
By Sundries as per s/Book |
$
800 |
Ideal College
Ahmad & Co.
|
1991
Jan. 10 |
To Sales |
$
100 |
|
|
|
Karim Bakhish
|
1991
Jan. 20 |
To Sales
|
$
400
|
|
|
|
Cheap Stores
|
1991
Jan. 31 |
To Sales
|
$
100
|
|
|
|
|
