1
Question
Goods worth Rs.45,000 sold to Tarun for credit will be recorded in ___________.
Goods worth Rs.45,000 sold to Tarun for credit will be recorded in ___________.
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Solution
The correct option is B Sales book
All credit sales of merchandise are recorded in the sales journal. Cash sales are recorded in the cash book. The source document for recording entries in the sales journal are sales invoice or bill issued by the firm to the customers. The date of sale, invoice number, name of the customer and amount of the invoice are recorded in the sales journal. Other details about the sales transaction including terms of payment available in the invoice. In fact, two or more than two copies of a sales invoice are prepared for each sale. The book keeper makes entries in the sales journal from one copy of the sales invoice. For example. goods worth Rs. 45,000 sold to Tarun for credit will be recorded in sales book.
All credit sales of merchandise are recorded in the sales journal.
Cash sales are recorded in the cash book.
The source document for recording entries in the sales journal are sales invoice or bill issued by the firm to the customers.
The date of sale, invoice number, name of the customer and amount of the invoice are recorded in the sales journal.
Other details about the sales transaction including terms of payment available in the invoice.
In fact, two or more than two copies of a sales invoice are prepared for each sale. The book keeper makes entries in the sales journal from one copy of the sales invoice.
For example. goods worth Rs. 45,000 sold to Tarun for credit will be recorded in sales book.
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