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