The sales day book is best described as:
Containing customer`s accounts
Containing real accounts
Part of double entry system
A list of credit sales
Sales day book lists all the credit sales.
Is it correct that individual accounts of customers is debited by the respective amount and the total of the sales book is posted to the credit side of the sales account in the general ledger ?
On scrutiny of the books of account, accountant found that, purchase return of Rs 1000 was omitted to be entered in the books of a/c. What shall be the rectifying entry for the same error.