Sales Book is an account book in which you record all sales of goods on credit. It is used to record all credit sales of goods dealt with by the trader in his trade. Cash sales, cash and credit sales of assets are not entered in this book. The entries in the sales book are on the source of the invoices issued to the consumers with the net total of sale.
The sales day book is a manually-maintained ledger in which is recorded the explanation complete information for each entity credit sale to a consumer, including:
- Customer name
- Invoice number
- Invoice date
- Invoice amount
This information is regularly added to the sales day book at the end of each trade day, based on the company’s copies of all consumer invoices issued.
