Sales day book is the summary of both cash and credit sales of the concern.

True

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False

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Solution

The correct option is B False
Sales day book is the summary of only credit sales of goods taken place by the firm, cash sales are entered in the Cash Book and not in the Sales book.

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Q. Sales day book makes a record of all sales.

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Sales day book is the summary of both cash and credit sales of the concern.

The correct option is B FalseSales day book is the summary of only credit sales of goods taken place by the firm, cash sales are entered in the Cash Book and not in the Sales book.

The correct option is B False
Sales day book is the summary of only credit sales of goods taken place by the firm, cash sales are entered in the Cash Book and not in the Sales book.