Web community | home
Web community | home
continue to subsidiary book
Continue of subsidiary book.....
2. Sales book
Sales book is used for recording goods sold on credit. When the trader sells goods on credit then he should keep record in sales book to know how much goods have been sold, when and to whom. Thus a sales goods is prepared to know credit sales. If all the credit sales passed through journal and post them in concern ledger then it takes time because for every debit, credit also appears side by side. The record in sales book is made from the outward invoice book which contain the exact copy of each invoice sent out to the customers. There are five columns in sales book for date, particulars, outward invoice no. Ledger folio and amount. Name and address of customer are written in particular column.
Date
|
Particular
|
Outward invoice no.
|
L.F.
|
Amount
|
|
|
|
|
|
3. Purchase return book
The book used for recording goods return for the seller is called "Purchase Return Book". It is also known as return outwards Books. The buyer returns goods when he finds them damaged or inferior in quality or against the sample. While retuning goods buyer prepares debit note. Debit note is a letter sent by the buyer to the seller to inform about the adjustment of amount of goods return in the buyer account and asking to the seller to adjust the amount in the account of seller.
Specimen of purchase return book
Date
|
Particular
|
L.F
|
Debit notes
|
Amount
|
|