Sales Journal VS Subsidiary Sales Journal | Purchases Journal VS Purchases Subsidiary Journal
In Sales Journal , only credit sales or sales on account transactions are recorded while in Subsidiary Sales Journal, an individual or one single customer's sales transactions (sales on account transactions) are recorded. A sales journal is a Master Or Control Journal where all of the individuals or customers' subsidiary sales journal transactions are recorded collectively e.g., credit sales to Mr. A ($300) and to Mr. B ($500) are recorded in sales journal as shown below: Accounts Receivable a/c $800 Sales a/c 800 (Sal...