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Showing posts with the label Sales Journal VS Sales Ledger

Difference Between Sales Journal And Sales Ledger

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1. Sales Jour nal shows all the credit sales transactions chronologically (Date-Wise) while Sales Ledger shows the total of balances and final closing balance for Credit Sales . 2. Sales Journal comes first as credit sales are recorded from sales invoice firstly and then these are posted to sales ledger later on.                                     You Can Also Study, “ Sales Day  Book Format ” 3.  A  Sales Journal  is used to record daily  Credit Sales Transactions  made with customers while a Sales Ledger is prepared to show the final results of all of these  Transactions  i.e., how much amount due from our customers or in other words what is the total value of  Credit Sales  and closing amount that is recorded in  Income Statement . 4.  Sales Journal is the recording phase...