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 |
|
|