Both sales book and purchase book are used to record transactions in a business. They both help in tracking the inflow and outflow of goods/services in the business. Additionally, they are both considered as subsidiary books in accounting.
A sales book is for recording sales (money you receive) a purchase book is for recording your purchases (money you pay).
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.
1.Purchase Book 2.Sales Book 3.Purchase returns Book 4.Sales returns Book 5.Bills receivable Bookl pr6.Bills payable Book 7.Cash Book 8.Journal proper
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
Sales tax is $2.33 ; total cost is 38.18
stupid question
16.05
They are exactly the same. Dr. No, the book by Ian Fleming, is a novel.
The answers is simple read it in a book
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.
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)
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..