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June 17, 2014 at 4:22 pm
What about the receivables Journal in the diagram? I realize that sales journal might include Receivables but sales journal would also include cash sales, right?
June 17, 2014 at 4:23 pm
I mean what if we only need to know about the creadit sales which are nothing but receivables?
John Moffat says
June 17, 2014 at 5:57 pm
The receivables journal (also called the sales journal, or sales day book) only records sales on credit.
Sales for cash (cash sales) are recorded in the cash receipts book, and analysed into a column headed ‘sales’.
June 7, 2013 at 3:13 pm
I wish i saw this earlier… thank you so much
May 17, 2013 at 8:25 am
Thank you so much for such a valuable video
April 2, 2012 at 4:02 am
thank u so miuch, but where is the prtty cash book………..
April 2, 2012 at 10:29 am
@nana876, You can read about this in the Course Notes. All you need to know about for the exam is the imprest system, which is explained in the notes.
December 11, 2011 at 8:23 am
thanks a lot, great work
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