Posting and Balancing of Sales Book :
At the end of the month the individual entries and the total of the sales book column are posted into the ledgers as under.
Step 1 Individual amounts are daily posted to the debit of Customers’ Accounts by writing “To Sales A/c” in the
particulars column.
Step 2 Grand total of the sales book is posted to the credit of sales account by writing “By Sundries as per Sales Book” in the particulars column.
Illustration 2 From the transactions given below prepare the Sales Book of Ram for July 2003.
Solution :
In the books of Ram
Sales Book
|
Date |
Particulars | Outward Invoice No. |
L.F. | Amount | |
| Details Rs. |
Total |
||||
| 2003 | |||||
| July 5 | S.S. Traders & Co. | ||||
| 10 Chairs @ Rs. 250 |
2,500 |
||||
| 10 Tables @ Rs. 850 |
8,500 |
||||
|
11,000 |
|||||
| Less : 10% Discount |
1,100 |
||||
| Sold to S.S. Traders, Invoice |
9,900 |
||||
| No……. dated | |||||
| 20 | Mohan & Co. | ||||
| 5 Almirah @ Rs. 2,200 |
11,000 |
||||
| 10 Tables @ Rs. 850 |
8,5 |
||||
| Sales as per |
19,500 |
||||
| Invoice No…………….. dated |
|
||||
| Total |
29,400 |
||||
Ledger Accounts
Dr. Sales Account Cr.
| Date | Particulars | J.F. | Amount Rs |
Date | Particulars | J• F |
AmountRs . |
|
2003 July 31 |
By Sundries as per sales book |
29,400 |
Dr. S.S. Trader’s Account Cr.
| Date | Particulars | J.F. | Amount Rs |
ate | Particulars | J• F |
AmountRs . |
|
2003 July 5 |
To Sales A/c |
9,900 |
Dr. Mohan & Co.’s Account Cr.
|
Date |
Particulars | • •
J F |
Amount Rs |
ate | Particulars | J.F |
Amount Rs |
| 2003
July 20 |
To Sales A/c |
19,500 |