Sales on credit is recorded in __________.

Cash book

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Sales book

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Journal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

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.

Suggest Corrections

Similar questions

Credit Sales to A of Rs.600 not recorded in the books would effect:

The sales income (Credit and Cash) of a business during a given period is called _______.

Join BYJU'S Learning Program