-Pushpender Kumar Academic Content Writer at Edumarz
A sales book is a book in which all credit sales of goods are recorded by the business.
The Sales Book does not record cash sales of goods and assets. Cash sales of goods and assets are recorded in the Cash Book.
Whereas credit sales of assets are recorded in a journal proper.
Credit sales of goods are recorded in the Sales Book based on source documents such as sale invoices, bills, etc. Issued by the firm to the customer.
Sales Book records detailed information about credit sales such as how much quantity of goods sold, price per good, etc.
The net amount of credit sales is recorded in the Sales Book after the trade discount.
Sales Book has the following columns:
Date
Invoice No.
Name of customer
Ledger Folio (L.F.)
Amount