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Question
Total of sales book is ________ to sales accounts.
Total of sales book is ________ to sales accounts.
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Solution
The correct option is B Posted
All credit sales of merchandise are recorded in the sales book and cash sales are recorded in the cash book. The date of sale, invoice number, name of the customer and the amount of the invoice are recorded in the sales book. Other details about the sales transaction including terms of payment are available in the invoice.
The book keeper makes entries in the sales book from one copy of the sales invoice. Finally total of sales book is posted to sales accounts.
All credit sales of merchandise are recorded in the sales book and cash sales are recorded in the cash book.
The date of sale, invoice number, name of the customer and the amount of the invoice are recorded in the sales book. Other details about the sales transaction including terms of payment are available in the invoice.
The book keeper makes entries in the sales book from one copy of the sales invoice. Finally total of sales book is posted to sales accounts.
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