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• # 76405
• Sun 13 Nov 2011 08:32 PM

Hi guys,

A quick question before I potentially end up getting the wrong thing into my head right before my level 1 exam!

If I have a number of sales transactions in a month, some credit sales and some cash, do I just put the credit sales in the sales day book or do all the sales transactions go in there, cash and credit?

What I gathered from my study material is that it is only for credit sales..?

Thanks in advance for any replies!

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• # 76406
• Sun 13 Nov 2011 09:29 PM

Hi Silmarillion,

You are absolutely correct – only credit sales are to be entered in the Sales Day Book. The cash sales are initially recorded in the Cash Book. Good luck with your studies.
 

• Dave Reynolds

  Dataflow Business Services
   

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• # 76438
• Mon 14 Nov 2011 05:37 PM

Fab, thank you DavieR - I thought I was right!

On to the exam... eek!

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