Sales Book 📚

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Sales Book 📚

     This book 📚 is also known as sales Day or sale journal or sales Register. Sales Book 📚 is maintained to record only Credit sales of goods in which the trader deals. This book 📚 strictly prohibits Recording of cash sales of goods and sale of property and assets whether for cash or on Credit. Sale of assets like Buildings or Machinery is entered in the journal proper and not in the sales Book 📚. The ruling of the sales Book 📚 is similar to that of purchases Book. The Proforma of sales Book is given below:





    On the basis of invoices sent to the buyers, the entries are to be made in the sales Book 📚. The name of the person to whom goods are sold is recorded in the particulars column.


  Posting from Sales Book 📚:- 

      Just like purchases Book sales Book is also totalled and closed periodically. Separate accounts must be opened in respect of every party to whom goods are sold and a sales account.


Debit: customers Account with the individual amount against his name.

Credit: sales account with periodical total.



    

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