Sales Book

Sales Book

Note: On April 28, 2003, furniture has been purchased from the Mumbai Furniture House.  It will not be written in the purchase book.  It will not be written in the purchase book.  This method of making additional food for each department or variety of goods can also be adopted in sales books, purchase return books, sales return books, and journals, etc. 

Sales Book

2.  Sales Book
The sales book is the accounting of the transactions of such goods sold in the sales book with which the institution does business.  There is no account of selling property lending.  The book in which the credit of goods sold is done is called Sales Book or Sales Day Book.  Sources of accounting (Sources of recording): Entries in the sales book are made from a copy of the invoices (certifiers) which are given to the debtor on selling the borrowed goods.  Goods are borrowed through sales invoices.  Accounts are done in the sales book based on a copy of this invoice.  All the details of the goods sold in the invoice are written in which the value of the goods sold, sales tax, expenses, and donations, etc. are shown separately, so a column sales book should be made to show all these items.  Nowadays in practice, there is a trend of columnist sales books.  The format of the sales book is as follows


The sum of the sales item is added to the sales account, the sum of the sales tax to the sales tax account, the sum of the eating of the expenses to the related expense account, and the sum of the food to the donation account is deposited.  

Note: The amount of sales tax, donation and expenses are not considered as sales, because the amount of sales tax will have to be deposited in the government fund and the amount of donation will also be donated to the charitable institutions.  If in the absence of information related to expenses, donations and sales tax, the sample of the sales book will be the same as that of the purchase book.  

Addition of sales book: At the end of every month or after a fixed period, the sale book is added in the same way as the purchase book.  The only difference is that the sales account deposit is not written in the statement column and closes the sales book.  

Sales Book Features: 
1.  In this book, only the transactions of lending and selling of goods are done.  
2.  Goods sold in cash are not accounted for in this book.  
3.  The sale of properties is also not done in this book.  
4.  This is a book of early accounts.  
5.  Practices in this book are written on the basis of an invoice.  

Illustration: Write the following behaviors in the sales book of M / s. Alok & Sons (Enter the following transactions in the Sales BookofM / SAlok & Son's): 2004 April 1 Nair & Sons sold: 10 Nos. Mixi, Rate 2000 Rs.  Rs. 12000 TV rate per Nos. 20 Nos.  7 percent invoice per nos. Trade discount - 57



April 15 Vikas Electronics sold: 15 nos. Washing machine, rate Rs. 7000.  Per piece  10 Nos. Fridge, Rate Rs. 9000.  Merchandise discount per 5 nos.: Invoice no. 108 Apr 20 sold to Om Enterprises: 5 nos. AC.  , Rate 30000 Rs.  10 nos. Vacuum cleaner per nos. Rate Rs. 3000  Per nos 2004 April1 Sold to Nayar & Son's: 10 Nons.  Mixer @ Rs.  2000each 20 Nos.  TV @ Rs.  12000each Trade Discount7%;  Invoice No.  57 April 15 Sold to Vikas Electronics: 15Nos.  Washing Machines @ Rs.  7000 each 10Nos.  Free @ Rs.  9000each TradeDiscountallowed @ 5% InvoiceNo.  108 April 20 Sold to Om Enterprises: 5Nos.  A.  C.  @ Rs.  30000each 10Nos.  Vacuum Cleaner @ Rs.  3000each


Multi-Column Sales Book - In the columnar sales book, the dates/details, etc. are the fields according to the sales book, only the amount of the amount is divided into different columns.  Its format is as follows

Sales Book

Purchases Return Book or Return outward book: Earnings - Some goods are returned to the returning seller for some reason from the borrowed goods.  The book in which such transactions are done is called the purchase return outward book.  Apart from the return of goods in the purchase return book, some such practices are also done.  The price of goods purchased decreases.  The following transactions are accounted for in the purchase return book: Practices related to return of goods: 

(1) poor quality goods 
(2) non-sampling goods 
(3) goods damaged along the way 
(4) goods  Receipt without order 
(5) Receipt of goods over order.  

The following practices related to the decrease in the value of the goods are accounted for in the other subsidiary ledger journal: 

(1) the value of the goods has been overestimated 
(2) the trade discount is less received 
(3) the invoice has been exceeded  
(4) Rebate for non-return of inferior goods.  

Illustration 3: Record the following transactions in the purchase return book of Harish Chandra & Sons (Prepare Purchases Return Book of Harish Chandra & Son 'from the following transaction): 1999 

1 July Abhishek returned the goods due to malfunction 2, 200 Rs.  , Name letter no.  116 (Goods returned to Abhishek due to damaged Rs. 2, 200; Debit note No. 116).  

10 July Goods were received from Lalit & Company and on matching the invoice, it was found that 5 TV returned due to incorrect size, rate.  Rs 10000  5% Name Letter No. per TV Chat No.  222 (Goods purchased from Lalit & Co., On checking with invoice | received 5 TVIs were not found @ Rs. 10,000 per TV, trade discount5% Debitnote No. 222)



Sales Return Book: When the goods purchased by the buyer is returned to the seller, then the seller throws it out, it is called the Sales Return Book or Returns Inward Book.  If there is a reduction in the value of the goods sold due to any reason other than returning the goods, then the same is done in the same book. The customer can return the borrowed goods for the following reasons: 

1.  The goods are of inferior quality or not as per order. 
2.  Goods not shipped by the seller within a stipulated period.  
3.  Goods have been sent over the order.  
4.  The goods are defective or not as per the sample.  
5.  The goods may have deteriorated or broken down along the way.  

Many times the customer does not return the goods but instead demands some discount or reduction in the invoice price due to the following reasons: 

1.  The sum of the invoice has become more.  
2.  The rate per unit of the item may have been higher.  
3.  The discount is given less.  
4. Unsigned goods have been included in the invoice.  
5.  Goods received are broken or broken, etc.  

When a customer returns the goods or demands a discount in the value of the goods, he is sent a letter from the business owner - 34





goes.  Which is called the letter of deposit?  The details and sample of the deposit letter have been clarified in the past.  The format of the sales return book and the method of writing the practices has been completely like a purchase return book.  Sales Return A / C while closing the Sales Return Book / Book.  .  .  'Dr.  'It is closed by writing.  

Illustration 4: Record the following transactions in the Sales Return Book of Sophia & Company (Record the following transactions into the Sales Return BookofSofia and Company);  2005 April 

1April received goods back from Vinod Bhati Rs.  , Deposit letter no.  206 (Goods returned by Vinod Bhati Rs. 10, 000, Credit Note No. 206) 

14 April Returned to Virendra & Sons for damaged goods Rs. 1650.  Deposit letter no  217 (Defective goods return to Virendra & Sons. Rs. 1650, Credit Note No. 217) 

28April More Rs. 3500 sent.  Sent a letter of deposit to Satish Brasdar for return, deposit letter no.  251 (Sent credit note No. 251 to Satish Bros. Due due to returned of excess goods sent. 3500)


On the contrary, the goods are delivered to the debtors in a damaged condition when the goods are of poor quality, poor packing or due to negligence on the part of the railway/transport company.  In such a situation, if he is asked not to return the goods by giving additional discounts, then this sale will not be refunded.  In this practice, the rebate account and the debtor account will be affected.  

Sales Book

In such a case, the debtor account will be credited by naming the discount account (Allowance A / c).  In the same way, if the merchant receives a substandard goods or if the goods are received in a damaged condition, then the creditors will not be refunded if they do not return the goods, and in this circumstance, the purchase will not be considered a refund and in this situation the creditor account will be called by the rebate account (Allowance  or Rebate A / c) will be credited.  

In both these situations, the net effect on the sales and purchase account will be exactly the same as the accounting of return books.  Because the rebate account is transferred to the respective purchase or sale account only.  Therefore, it would not be appropriate to audit these practices in the return books as the goods have not been returned.  It would not be appropriate by most scholars to return these in return books, as goods have not been returned.  These have been authored by most scholars in return books.  As a result, there is no difference between the net profit and net profit known by the trader

Note: On April 28, 2003, furniture has been purchased from Mumbai Furniture House.  It will not be written in the purchase book.  It will not be written in the purchase book.  This method of making additional food for each department or variety of goods can also be adopted in the sales books, purchase return books, sales return book, and journal, etc. 

2.  The sales book is the accounting of the transactions of such goods sold in the sales book with which the institution does business.  There is no account of selling property lending.  

The book in which the credit of goods sold is done is called Sales Book or Sales Day Book.  Sources of accounting (Sources of recording): Entries in the sales book are made from a copy of the invoices (certifiers) which are given to the debtor on selling the borrowed goods.  

Goods are borrowed through sales invoices.  Accounts are done in the sales book based on a copy of this invoice.  All the details of the goods sold in the invoice are written in which the value of the goods sold, sales tax, expenses, and donations, etc. are shown separately, so a column sales book should be made to show all these items.  Nowadays in practice, there is a trend of columnist sales books.  The format of the sales book is as follows


The sum of the sales item is added to the sales account, the sum of the sales tax to the sales tax account, the sum of the eating of the expenses to the related expense account, and the sum of the food to the donation account is deposited.  

Note: The amount of sales tax, donation and expenses are not considered as sales, because the amount of sales tax will have to be deposited in the government fund and the amount of donation will also be donated to the charitable institutions.  If in the absence of information related to expenses, donations and sales tax, the sample of the sales book will be the same as that of the purchase book.  Addition of sales book: At the end of every month or after a fixed period, the sale book is added in the same way as the purchase book.  

The only difference is that the sales account deposit is not written in the statement column and closes the sales book.  Sales Book Features: 

1.  In this book, only the transactions of lending and selling of goods are done.  

2.  Goods sold in cash are not accounted for in this book.  

3.  The sale of properties is also not done in this book.  

4.  This is a book of early accounts.  

5.  Practices in this book are written on the basis of an invoice.  

Illustration: Write the following behaviors in the sales book of M / s. Alok & Sons (Enter the following transactions in the Sales BookofM / SAlok & Son's): 2004 April 1 Nair & Sons sold: 10 Nos. Mixi, Rate 2000 Rs.  Rs. 12000 TV rate per Nos. 20 Nos.  7 percent invoice per nos. Trade discount - 57



April 15 Vikas Electronics sold: 15 nos. Washing machine, rate Rs. 7000.  Per piece  10 Nos. Fridge, Rate Rs. 9000.  Merchandise discount per 5 nos.: Invoice no. 108 Apr 20 sold to Om Enterprises: 5 nos. AC.  , Rate 30000 Rs.  10 nos. Vacuum cleaner per nos. Rate Rs. 3000  Per nos 2004 April1 Sold to Nayar & Son's: 10 Nons.  Mixer @ Rs.  2000each 20 Nos.  TV @ Rs.  12000each Trade Discount7%;  Invoice No.  57 April 15 Sold to Vikas Electronics: 15Nos.  Washing Machines @ Rs.  7000 each 10Nos.  Free @ Rs.  9000each TradeDiscountallowed @ 5% InvoiceNo.  108 April 20 Sold to Om Enterprises: 5Nos.  A.  C.  @ Rs.  30000each 10Nos.  Vacuum Cleaner @ Rs.  3000each


Multi-Column Sales Book - In the columnar sales book, the dates/details, etc. are the fields according to the sales book, only the amount of the amount is divided into different columns.  Its format is as follows

Purchases Return Book Return outward book: Earnings - Some goods are returned to the returning seller for some reason from the borrowed goods.  The book in which such transactions are done is called the purchase return outward book.  Apart from the return of goods in the purchase return book, some such practices are also done.  The price of goods purchased decreases.  The following transactions are accounted for in the purchase return book: Practices related to return of goods: 

(1) poor quality goods 

(2) non-sampling goods 

(3) goods damaged along the way 

(4) goods  Receipt without order 
(5) Receipt of goods over order.  

The following practices related to the decrease in the value of the goods are accounted for in the other subsidiary ledger journal: 

(1) the value of the goods has been overestimated 

(2) the trade discount is less received 

(3) the invoice has been exceeded  

(4) Rebate for non-return of inferior goods.  

Illustration 3: Record the following transactions in the purchase return book of Harish Chandra & Sons (Prepare Purchases Return Book of Harish Chandra & Son 'from the following transaction): 1999 1 July Abhishek returned the goods due to malfunction 2, 200 Rs.  , Name letter no.  116 (Goods returned to Abhishek due to damaged Rs. 2, 200; Debit note No. 116).  10 July Goods were received from Lalit & Company and on matching the invoice, it was found that 5 TV returned due to incorrect size, rate.  Rs 10000  5% Name Letter No. per TV Chat No.  222 (Goods purchased from Lalit & Co., On checking with invoice | received 5 TVIs were not found @ Rs. 10,000 per TV, trade discount5% Debitnote No. 222)



Sales Return Book: When the goods purchased by the buyer is returned to the seller, then the seller throws it out, it is called the Sales Return Book or Returns Inward Book.  If there is a reduction in the value of the goods sold due to any reason other than returning the goods, then the same is done in the same book. 

The customer can return the borrowed goods for the following reasons: 

1.  The goods are of inferior quality or not as per order. 
2.  Goods not shipped by the seller within the stipulated period.  
3.  Goods have been sent over the order.  
4.  The goods are defective or not as per the sample.  
5.  The goods may have deteriorated or broken down along the way.  

Many times the customer does not return the goods but instead demands some discount or reduction in the invoice price due to the following reasons: 

1.  The sum of the invoice has become more.  
2.  The rate per unit of the item may have been higher.  
3.  The discount is given less.  
4. Unsigned goods have been included in the invoice.  
5.  Goods received are broken or broken, etc.  

When a customer returns the goods or demands a discount in the value of the goods, he is sent a letter from the business owner - 34



Post a Comment

0 Comments