Types of Subsidiary Book -The Sales Journal

June 12th, 2007 Comments off
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The Sales Journal

This Journal records all sales on CREDIT. The book is written up from the duplicate of sales invoices. It contains only credit sales related to the goods originally bought for resale.

Sales Journal as follows:

Date

Invoice No

Particulars

Folio No

Details($)

Monthly Total($)

2007

Jan 1

4230

Mr ABC

SL 8

190.00

20

4231

Mr BCD

SL 11

150.00

31

4232

Mr BDE

SL 15

450.00

 $790.00
======

When the Sales Journal is written up, the various amounts would then be posted to the debit side of the various debtors accounts in the Sales Ledger and the total credit sales of the period posted to the credit of the Sales Accounts.

Sales Ledger:

Folio No : SL8

Debtor:Mr. ABC

2007

$

Jan 1

Invoice No 4230

190

Folio No : SL 11

Debtor:Mr. BCD

2007

$

Jan 20

Invoice No 4231

150

SL No 15

Debtor:Mr. BDE

2007

$

Jan 31

Invoice No 4232

450

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Financial Accounting

 
 

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