Question

When sales or return day book and sales or return ledger are maintained and the goods are sent to the customers on sale or return basis, these are recorded:

• A. Initially in the Sale or Return Day Book. Thereafter in the Sale or Return Leger.
• B. Only in the Sale or Return Day Book
• C. Only in the Sales Day Book
• D. Both in Sale or Return Day Book and Sales Day Book.

Answer 1

The correct option is A Initially in the Sale or Return Day Book. Thereafter in the Sale or Return Leger.

When sales or return day book and sales or return ledger are maintained and the goods are sent to the customers on sale or return basis, these are recorded in Sales or return day book.