Topic Content:
- Meaning of Sales Day Book or Sales Journal
- Nature of the Account
- Trade Discount
- Example of Trade Discount
- Format of Sales Day Book
This is a book of original or Prime entry into which credit sales are recorded before posting to the ledgers. In the sales day book, cash transactions must not be recorded.
Note: The total of the sales day book will be transferred to the Credit side of the sales account in the general ledger and personal accounts will be debited.
Nature of the Account:
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