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Question

Credit sales are recorded in a


A

Sales Book

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B

Cash Book

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C

Journal Book

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D

Purchases Book

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Solution

The correct option is A

Sales Book


Sales journal is used for recording all the sales done on credit by the business. It is also known as Sales Daybook or Sales Journal. The credit sales transactions are recorded for only those goods that belong to the core business operations of the company.

Hence, the correct option is (A)


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Q.

Rectify the following errors:

(a)

Credit Sales to Mohan Rs 7,000 were recorded in purchases book.

(b)

Credit Purchases from Rohan Rs 900 were recorded in sales book.

(c)

Goods returned to Rakesh Rs 4,000 were recorded in the sales return book.

(d)

Goods returned from Mahesh Rs 1,000 were recorded in purchases return book.

(e)

Goods returned from Nahesh Rs 2,000 were recorded in purchases book.

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