Sales Book

The sales book is used to record all credit sales of goods dealt in business. Cash sales, cash and credit sales of assets are not entered in this book. The entries in the sales book are on the basis of the invoices issued to the customers with the net amount of sale. The format of sales book is shown below

• Date Column – shows the date on which the transaction took place.
• Particulars Column – This column includes the name of purchasers and the particulars of goods sold.
• Outward Invoice No. Column – Reveals the serial number of the outward invoice.
• L.F. Column – The page number of the customer’s accounts in the Ledger is recorded.
• Details Column – Contains the amount of goods sold and the amount of trade discount if any
• Total Column – This column shows the net amount which is receivable from the customers.
• Remarks Column – Any other extra information will be recorded

Now Let us understand the Sales Book and post it in ledger with the help of the following illustration
Given the following are the transactions, let us prepare the sales day book of M. Amin and post it into ledger

Date		Amount
January 5,2014	Sold goods to Idea college	200
" 10	Sold goods to Ankith & Co.	100
" 20	Credit sales to Karthik	400
" 31	Sold goods to cheap stores	100

Sales Day Book
Date	Particulars	Inv.No.	L.F.	Amount $
January 5,2014	Sold goods to Idea college			200
January 10,2014	Sold goods to Ankith & Co.			100
January 20,2014	Credit sales to Karthik			400
January 30,2014	Sold goods to cheap stores			100
				Total : 800

Now the individual entries are posted in their respective Ledgers as shown below:

Dr		Sales Account					Cr
Date	Particulars	J.F	Amount	Date	Particulars	J.F	Amount
				Jan 5,2014	By Sundry as per Sales Book		800

Dr		Idea College Account					Cr
Date	Particulars	J.F	Amount	Date	Particulars	J.F	Amount
Jan 5,2014	To Sales		200

Dr		Ankith & Co Account					Cr
Date	Particulars	J.F	Amount	Date	Particulars	J.F	Amount
Jan 102014	To Sales		100

Dr		Idea College Account					Cr
Date	Particulars	J.F	Amount	Date	Particulars	J.F	Amount
Jan 20,2014	To Sales		400

Dr		Idea College Account					Cr
Date	Particulars	J.F	Amount	Date	Particulars	J.F	Amount
Jan 30,2014	To Sales		100

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