JAMB - Accounts Principles Of Accounts (2025 - No. 67)
A sales daybook is used to record
cash sales of fixed assets
cash and credit sales of stock
credit sales of stock
cash sales of stock
Explanation
A sales day book (or sales journal) records only credit sales of stock.
Cash sales are recorded in the cash book, and sales of fixed assets are recorded in the general journal.
Cash sales are recorded in the cash book, and sales of fixed assets are recorded in the general journal.
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