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Chapter 7
4.2 Sales and purchase day books
Sales day book
The sales day book summarises the daily sales made on credit terms (i.e. the goods
are sold and payment will be collected at a later date). This day book does not
include cash sales which are recorded in the cash book.
Ledger Net Sales Tax Gross
Date Invoice Customer Ref $ $ $
4.1.X6 1 Jake RL3 4,500 900 5,400
4.1.X6 2 Bella RL18 3,000 600 3,600
4.1.X6 3 Fizz RL6 2,200 440 2,640
4.1.X6 4 Milo RL1 10,000 2,000 12,000
4.1.X6 5 Max RL12 500 100 600
–––––– –––––– ––––––
Total for
4.1.X6 20,200 4,040 24,240
The total sales for the day of $20,200 will be entered into the accounting ledgers
using the principles of double-entry bookkeeping. Note that the day book will also
record any sales tax charged by the entity on its credit sales.
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