It is a manual ledger document, which contains information of sales made by a person on a business day. It is also called a sales register.
Management analyses the effective amount after reconciliation every month. Sales day book is a subsidiary book, which maintains the overall sales and updates the sales every month end.
It records all non-cash transactions related to sales. If a company sells any asset or investment on credit, these transactions are not recorded in the sales book, but those are recorded in a proper journal.
Sales day book is also called a sales book/ sales journal/ sold book etc. It records the sales done by the company on credit in chronological order.
The format of sales day book is as follows −
|Date||Name of supplier||Ledger folio||Inward invoice number||Amount|
Details recorded in purchase book as per format are as follows −
The advantages of sales day book are as follows −