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the sales day book records only credit sales. then where do they record cash sales? is it in journal?
Hello, my understanding is for Cash sales debit Cash, credit Sales. That is the end of that transaction. You keep a record of credit sales because you want to know exactly what sales your customer bought that forms accounts receivable (most probably for reconciliation purposes). Once a customer pays you cash, DR Cash CR Sales that is the end of that transaction and there is no need to keep records. Also note that at the end of the period, the total in the sales journal would be CR to the sales account.
so, answer is sales journal.
why i got this doubt is the prime entry books are sales day book, sales returns day book, cash book, purchase day book, purchase returns day book, petty cash book, the journal.
if there is a sales journal that should be for cash sales. sales journal is not discussed in study text.
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