Credit sales of goods dealt in by the firm are recorded in a separate register called the Sales Book or Sales Journal . Cash sales are entered in the cash book and not in the Sales Book . Credit sales of item other than goods dealt in by the firm are not entered in the Sales Book , they are Journalised . Entries in the Sales Book are on the basis of invoices issued to the customers with the net amount after Trade Discount .
Featured of Sales Book .
1. Credit sales of goods dealt in are recorded in the Sales Book . Sale of assets is not recorded in the Sales Book.
2. Credit sales of goods other than goods dealt in are not recorded in the Sales Book.They are Journalised .
3. Cash sales are not recorded in Sales Book since these are recorded in the Cash Book.
4. Entries are recorded on the basis of invoices .
The ruling for the Sales Book is as shown below :
Entries in the Sales Book are also recorded in the same manner as in the Purchase Book. For example , the Particulars column will record the name of the customers to whom credit sales have been made together with particular and quantities of the goods sold .For each item the amount is recorded in the details column ; after totalling the amount for one sale , charges for packing , etc ., are added and the Trade Discount , if any , is deducted . The net amount is extended to the outer column . The total of this column will show the total credit sales for a period .
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