Which sales are recorded in Sales (Journal) Book?

Cash sales of goods.

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Credit sales of goods.

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Cash Sales of furniture.

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Credit Sales of furniture.

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Solution

The correct option is B Credit sales of goods.
Sales book is meant for recording the credit sales of goods in which the organizations deals. Sales of goods for cash and sale of fixed assets are not recorded in the sales book since these transactions are transferred to cash book and journal proper respectively.

Suggest Corrections

Similar questions

Rectify the following errors.

(i) Credit sales to Mohan Rs. 7,000 were recorded as Rs. 7,200.

(ii) Credit purchase from Rohan Rs. 9,000 were recorded as Rs. 9,900.

(iii) Goods returned to Rakesh Rs. 4,000 were recorded as Rs. 4,040.

(iv) Goods returned from Mahesh Rs. 1,000 were recorded as Rs. 1,600.

(v) Cash sale of Rs. 3,400 to Aroha was posted to the credit of Aroha.

(vi) Credit sale of old furniture to X for Rs. 3,400 was credited to the sales account.

(vii) Credit sale of old furniture to Vishal for Rs. 1,700 was posted as Rs. 7,100.

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