Want this question answered?
day book has great imporatance in business because we are saving the records int it. there are four kinds of day books >sale day book >purchase day book >sales return day book >purchase return day book
helps in recording transaction
Sales returns day book only record the sales returns in any day and no other entry is recorded in it.
In Sales day book all transactions related only to sales are recorded in it and no other transactions is recorded.
No you would use a purchase day book, where the principles are the opposite to the sales day book. Eg credit purchases, credit vat and debit the plca (debtors account)
day book has great imporatance in business because we are saving the records int it. there are four kinds of day books >sale day book >purchase day book >sales return day book >purchase return day book
helps in recording transaction
Sales day book is used to record the daily credit sales. in a sales day book we just write the date, customer name, invoice no and amount. its a very primary book to write the credit sales. it can be used as a reference when preparing the sales accounts of individual customers
Sales returns day book only record the sales returns in any day and no other entry is recorded in it.
In Sales day book all transactions related only to sales are recorded in it and no other transactions is recorded.
Examples of books of original entry are the sales day book, the purchases day book, the sales returns book, the purchases day book, the journal, and the cash book. These are books used in accounting.
No you would use a purchase day book, where the principles are the opposite to the sales day book. Eg credit purchases, credit vat and debit the plca (debtors account)
The purchase day book is the book of original entry in respect of credit purchase, including both invoices and credit notes. This is the book where credit purchase transactions are recorded. Like Sales day book, purchase day book also maintain in a manual accounting system.
purchase return book it for the returns outwars.
book of prime entry are the first recorded book. The book of prime have including cash book , sales day book . purchase day book , and so on..
Sales Day Book: It is subsidiary book of account in which only transactions related to sales are recorded and not like general journal in which we record all monitory transactions. If the volume of transactions is huge then we use different subsidiary books of accounts for Sales, Purchase, Sales Returns, Purchase Returns,Bills Receivable, Bills Payable,and general journal to record all transactions.A sales day book can be used in any business. This type of book keeps a log of the days sales. This book can also keep track of the number of each item sold.
Debtors are created when company sale goods to customers on credit that's why for debtors sales day book is used and purchase day book is used for creditors.