Sales Day Book
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 |
Idea college Ahmad & Co. Karim Bakhish Cheap stores |
$ 200 100 400 100 |
||
| 800 |
Sales Account
|
|
|
1991 |
By Sundries as per s/Book |
$ |
Ideal College
|
1991 |
To Sales |
|
|
|
Ahmad & Co.
|
1991 |
To Sales |
$
|
|
|
Karim Bakhish
|
1991 |
To Sales |
$ |
|
|
Cheap Stores
|
1991 |
To Sales |
$ |
|
|
You may also be interested in other articles from “subdivision of journal” chapter:
- Definition and Explanation of Cash Book
- Single Column Cash Book
- Two Column Cash Book/Double Column Cash Book
- Three Column Cash Book
- Bank Reconciliation Statement
- Petty Cash Book
- Purchases Day Book
- Purchases Returns Book
- Sales Day Book
- Sales Returns Book
- Bills Receivable Book
- Bills Payable Book
- Journal Proper
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