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Question

Sales on credit is recorded in __________.

A
Cash book
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B
Sales book
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C
Journal
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D
None of the above
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Solution

The correct option is B Sales book
Sales book records only credit sale of goods. It does not record cash sales of goods or credit sale of assets. Sales account is always credited for sale, so the sales book always show credit balance. The sales journal is also totalled periodically and this total is credited to sales account in the ledger.

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