Sales Day Book Format And Sales Ledger Format
Previously, we studied about “Purchase Day Book Format”, but, here we will study about Sales Day Book Format.
A book which is used to maintain Business Transactions related to Credit Sales i.e., when the company sold goods to customer (Accounts Receivable / Debtor) on credit basis. It does not deal with Cash Sales which is recorded only in Cash Book. When goods are sold, an invoice is issued to both sellers and sellers for their own records.
It shows how many unpaid invoices due from our customers or it shows the Credit Sales Transaction recorded for the accounting period. It is used record Credit Sales Transactions posted from Sales Journal to find the closing balance transferred to Income Statement in order to close Credit Sales Account.
What is Sales Day Book or Journal?
Sales Day Book Format / Sales Journal Format
Date Particulars / Descriptions L/F Debit Credit
Rs. Rs.
The Sales Day Journal that records only Credit Sales Transactions includes the following:
1. Date on which Business Transactions take place.
2. Particulars:- It includes the Types / Kinds of Accounts and Debit and Credit of these accounts involved in the Transaction.
Ledger Folio:- The page number of Ledger where concerned accounts is posted from Journal to Ledger.
Debit And Credit:- Debit Amount is recorded for Debit Account and Credit Amount for Credit Account in the Transaction.
What is Sales Ledger / Sales Ledger Control Ledger
It shows how many unpaid invoices due from our customers or it shows the Credit Sales Transaction recorded for the accounting period. It is used record Credit Sales Transactions posted from Sales Journal to find the closing balance transferred to Income Statement in order to close Credit Sales Account.
After recording Credit Sales Transaction in Sales Journal, it is posted in Concerned Ledgers. For Example if Mr. A sold goods worth Rs. 30000 To Mr. B, then following Accounting Journal Entry is recorded in the business of Mr. A as shown below:
Mr. B 30000
Sales a/c 30000
(Sold Goods Worth Rs. 30000 To Mr. B On Credit Basis)
Now, this transaction is posted to concerned Ledger’s Accounts as shown below”
Sales Ledger Format / Sales T Account Format
Sales Ledger / Sales T Account
For The Month August, 2018
Rs. Rs.
Mr. B 30000
Mr. B’s Ledger
For The Month August, 2018
Rs. Rs.
Sales 30000
So, we can say that Sales Day Book is used to record Credit Sales Transaction Only of the Business.
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