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
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

1991
Jan. 5


To Sales


200


Ahmad & Co.

1991
Jan. 10


To Sales

$
100


Karim Bakhish

1991
Jan. 20


To Sales

$
400


Cheap Stores

1991
Jan. 31


To Sales

$
100


You may also be interested in other articles from “subdivision of journal” chapter:

  1. Definition and Explanation of Cash Book
  2. Single Column Cash Book
  3. Two Column Cash Book/Double Column Cash Book
  4. Three Column Cash Book
  5. Bank Reconciliation Statement
  6. Petty Cash Book
  7. Purchases Day Book
  8. Purchases Returns Book
  9. Sales Day Book
  10. Sales Returns Book
  11. Bills Receivable Book
  12. Bills Payable Book
  13. Journal Proper

Other Related Accounting Articles:

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