Daybooks
This query is : Resolved
12 February 2013
What are daybooks ? Pls explain in detail.. And is sales daybook similar to a normal sales book in which credit sale of goods is recorded ?
13 February 2013
Dear Malhotra
A book is also known as sales day book or purchase day book and it is a book of original entry in which are recorded the details of credit sales or purchase made by a businessman. Total of sales book shows the total credit sales of goods during the period concerned. Usually these books are totaled every month. The sales day book is written up daily from the copies of invoices sent out and purchase books is written daily from the invoices received in.
Posting:
The total of the sales book is credited to sales account. Customers whose names appear in the sales book are debited with the amount appearing against their names. Double entry is thus completed and vice versa for the purchase book.
A book is also known as sales day book or purchase day book and it is a book of original entry in which are recorded the details of credit sales or purchase made by a businessman. Total of sales book shows the total credit sales of goods during the period concerned. Usually these books are totaled every month. The sales day book is written up daily from the copies of invoices sent out and purchase books is written daily from the invoices received in.
Posting:
The total of the sales book is credited to sales account. Customers whose names appear in the sales book are debited with the amount appearing against their names. Double entry is thus completed and vice versa for the purchase book.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- ADVANCE PAYMENT OF ADVOCATE
- NRI starting business in India
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
