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What is the difference between sales day book and a cash book and a purchase day book?
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∙ 12y ago
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Advantages of a sales day book?
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
Would you use an sales day book for creditor?
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)
Books of prime entry?
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..
What is the difference between book value and written down value?
Book Value: It is the value of item at time of purchase of asset or called original cost. Written down value: it is the depreciated value from time of purchase to current period after providing deprecitiation from purchase time to current period.
Would you use a purchase day book or sale day book for a debtor?
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.
What is difference between sales book and purchase book?
A sales book is for recording sales (money you receive) a purchase book is for recording your purchases (money you pay).
Difference between purchase day book and sales day book?
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.
What is similarities between sales book and purchase book?
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.
Which are the secondary books of accounts?
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
Advantages of a sales day book?
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
The purchase price of a book is 35.85 The sales tax rate is 6.5 percent How much is the sales tax to the nearest cent What is the total cost of the book?
Sales tax is $2.33 ; total cost is 38.18
Sarah bought a book for 15.00 sales tax is 7 percent what was the total of Sarah's purchase including sales tax?
16.05
What is the difference between has and have and give an example?
the difference between has and have is that you use has in sentences with : ( she , he and it ) for example : she has a book . but you use have in sentences with : ( I , you , we and they ) for example : you have a book , I have a book .
Difference between inspection and quality control in production management?
purchase a book and read it yourself :P must have heard HELP URSELF
What does shrinkage means in retail?
Shrinkage is the difference between the stock on the inventory book and the actual physical stock. Shrinkage is also deifned as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock. Shrinkage % is calculated as the difference between the value ( retail price ) of the stock on the inventory book and the value of the ( retail price ) actual physical stock by the retail sales of this volume
What is a sale day 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.
Would you use an sales day book for creditor?
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)
