Sales Journal and Sales Ledger

Sales Journal and Sales Ledger

If you know this topic well, you can skip it. If you need quick revision, then you can read through.

Purposes of Sales Journal
– To record sales made through credit sales. NOT cash sales.
– Act as a record on the debtors’ information on matters regard to their name, date of sales, amount of sales and the relevant invoice number.

Definition of Sales Invoice
– A document showing details of goods sold and the prices of those goods.

Credit sales were first entered in Sales journal, followed by Sales Ledger.

Example of Sales Journal

Example of Sales Ledger

Remember that trade discount will NOT be shown in the Double Entry and Sales Journal. Sales Journal only shows the net amount or after deduction amount.

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