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The source document or voucher used for recording entries in sales Book is :
- a)Invoice received
- b)Invoice sent out
- c)Credit notes sent out
- d)Debit notes received
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The source document or voucher used for recording entries in sales Boo...
Invoice sent out
Description: Sales Book records only credit sale of goods, to the customers. When goods are sold invoices are sent out to them and that only becomes the source document or voucher for recording transactions in sale book.
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The source document or voucher used for recording entries in sales Boo...
Sales Book is a subsidiary book where all the sales transactions of goods or services made on credit are recorded. The source document or voucher used for recording entries in the Sales Book is an invoice sent out.
Explanation:
Sales Book is a book of original entry where all credit sales transactions are recorded. It is a subsidiary book of accounts and a part of the double-entry accounting system. The Sales Book is used to record the following details:
- Date of the transaction
- Invoice number
- Name and address of the customer
- Description of the goods or services sold
- Quantity of the goods or services sold
- Selling price of the goods or services sold
- Total amount of the sale
The source document or voucher used for recording entries in the Sales Book is an invoice sent out. An invoice is a document sent by the seller to the buyer that specifies the details of the goods or services sold, the quantity, the price, and the terms of payment. It is a legal document that serves as proof of the sale and is used to record the transaction in the Sales Book.
Therefore, option B - Invoice sent out is the correct answer.
Explanation:
Sales Book is a book of original entry where all credit sales transactions are recorded. It is a subsidiary book of accounts and a part of the double-entry accounting system. The Sales Book is used to record the following details:
- Date of the transaction
- Invoice number
- Name and address of the customer
- Description of the goods or services sold
- Quantity of the goods or services sold
- Selling price of the goods or services sold
- Total amount of the sale
The source document or voucher used for recording entries in the Sales Book is an invoice sent out. An invoice is a document sent by the seller to the buyer that specifies the details of the goods or services sold, the quantity, the price, and the terms of payment. It is a legal document that serves as proof of the sale and is used to record the transaction in the Sales Book.
Therefore, option B - Invoice sent out is the correct answer.
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