Page 163 - Office Practice and Accounting -9

Sales Book
Sales book is primary entry which is maintained for record of the goods that sold
on credit. It is also known as sales day book or sales journal. Cash sale of goods and
credit sale of other goods that does not belong to business are not recorded in sales
book. For example, if a firm has a business of stationery the stationery items sold
on credit are recorded. Cash sales of stationery and credit sales of goods other than
stationery are not recorded in sales book.
Specimen

Sales Book
Date Particulars LF Invoice No. Details Amount

Explanation of the columns

i. Date: The date of the transaction is recorded in this column.
ii. Particulars: Particulars column records the name of the debtors and details of
items sold.
iii. Ledger Folio (L.F.): Page number of the ledger account on which the transaction
has been posted is mentioned in this column.
iv. Invoice no: This column is to record the invoice number issued to the debtors.
v. Details: It is the column to record sub-total of price of the goods.
vi. Amount: This column records the invoice price of the goods sold. This amount
is receivable from the debtors and transferred to the credit side of sales ledger.
5. Prepare sales book and sales account from the following particulars:

2072-08-1 : Sold to Hamal Traders
10 Electric Iron @ Rs. 300 each

5 Heating rod @ Rs. 200 each
Less trade discount 10% on both
2072-08-10 : Sold to Nabeen Electronics

15 table fans @ Rs. 500 each
5 table lamps @ Rs. 100 each

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