Difference between Sales Book and Sales Account
Difference between Sales Book and Sales Account
|
Basic |
Sales Book |
Sales Account |
|
1. Part |
It is part of Journal Book. |
It is part of Ledger. |
|
2. Format |
Like a ledger account, it does
not have debit and credit columns. |
It has debit and credit columns. |
|
3. Contents |
Only credit sales of goods are recorded |
Credit as well as cash sales
of goods are recorded |
|
4. Amount |
Total amount of Sales Book is posted to the Sales Account periodically. |
Balance in the account is transferred to the Trading Account. |
Utilities
of Sales Book
1. It reduces the volume of work required to pass
Journal entry for each credit sale.
2. Ledger posting becomes easier since all credit sales are recorded in a
single book.
3. It becomes easier to check whether the prices charged are according to the
catalogue or not.
4. It is possible to have a periodic total of credit sale of goods.
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