Sales day book
The sales day book records credit sales of goods or services using sales invoices. Post each credit invoice to the customer's account and post the book totals to the appropriate revenue, tax and control accounts. The book is a chronological listing of source documents over a period; its name does not restrict it to transactions from one day. The cash book, rather than the credit sales day book, normally records cash receipts.
Worked example
A 300 credit sale is entered for posting to the customer and relevant totals.
Common mistake
It is not limited to one day's transactions and normally excludes cash sales.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | F1 | Supporting | July 2027–August 2028 |
| ACCA | F2 | Supporting | July 2027–August 2028 |
| ACCA | FA | Direct | September 2026–June 2027 |
| ACCA | K1 | Supporting | July 2027–August 2028 |
| CIMA | BA3 | Direct | Official assessment-window verification pending |
| FIA | FFA | Direct | September 2026–June 2027 |
