Daybooks
This query is : Resolved
12 February 2013
What are daybooks ? Pls explain in detail.. And is sales daybook similar to a normal sales book in which credit sale of goods is recorded ?
13 February 2013
Dear Malhotra
A book is also known as sales day book or purchase day book and it is a book of original entry in which are recorded the details of credit sales or purchase made by a businessman. Total of sales book shows the total credit sales of goods during the period concerned. Usually these books are totaled every month. The sales day book is written up daily from the copies of invoices sent out and purchase books is written daily from the invoices received in.
Posting:
The total of the sales book is credited to sales account. Customers whose names appear in the sales book are debited with the amount appearing against their names. Double entry is thus completed and vice versa for the purchase book.
A book is also known as sales day book or purchase day book and it is a book of original entry in which are recorded the details of credit sales or purchase made by a businessman. Total of sales book shows the total credit sales of goods during the period concerned. Usually these books are totaled every month. The sales day book is written up daily from the copies of invoices sent out and purchase books is written daily from the invoices received in.
Posting:
The total of the sales book is credited to sales account. Customers whose names appear in the sales book are debited with the amount appearing against their names. Double entry is thus completed and vice versa for the purchase book.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Whether still royalty
- Payable outstanding for years disallowance
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Residential status for filling income tax returns in India
- Deemed to be University shall pay gst on Bus fee collection from students
- Section 194LBB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
