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Question
The source document or voucher used for recording entries in sales book is __________.
Options
Debit note
Credit note
Invoice
Cash receipt
MCQ
Fill in the Blanks
Solution
The source document or voucher used for recording entries in sales book is Invoice.
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Sales Returns Book
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Sales return book is used to record __________.
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Record the following transactions in the sales book and sales returns book of M/s. Ponni & Co., and post them to ledger.
| 2017 | Particulars |
| Aug. 1 | Sold goods to Senthil as per Invoice No. 68 for ₹ 20,500 on credit |
| Aug. 4 | Sold goods to Madhavan as per Invoice No. 74 for ₹ 12,800 on credit |
| Aug. 7 | Sold goods to Kanagasabai as per Invoice No. 78 for ₹ 7,500 on credit |
| Aug. 15 | Returns inward by Senthil as per Credit Note no. 7 for ₹ 1,500 for which cash is not paid |
| Aug. 20 | Sold goods to Selvam for ₹ 13,300 for cash |
| Aug. 25 | Sales returns of ₹ 1,800 by Madhavan as per Credit Note No. 11 for which cash is not paid |
Prepare Return Inward Journal (Book) from the following transactions of M/s Bansal Electronics for July 2017:
| 2017 July |
₹ | |
| 04 | M/s Gupta Traders returned the goods | 1,500 |
| 10 | Goods returned from M/s Harish Traders | 800 |
| 18 | M/s Rahul Traders returned the goods not as per specifications | 1,200 |
| 28 | Goods returned from Sushil Traders | 1,000 |
