JOURNAL BOOK

JOURNAL (BOOK):
When a business supplies goods to a customer, an invoice of the type described earlier is made out, i copy is sent to the purchaser who records it in his purchase journal. The delivery of the goods will i place, but meanwhile the seller who made out the invoice has to record the transaction in his book, in which he records the transaction is now the 'Sales Journal'. The second copy of the invoice, i if retained by the seller, will be entered into this book of original entry.
There are so many customers to whom goods are sold in a day. So every day a bundle of invoices [ by the invoice department of the seller, whose top copies have already been sent to the purchasers, sgivcn to the Sales Journal clerk, who will enter them in the Sales Journal. The ruling of the Sales Journal is exactly the same as the Purchase Journal, and is illustrated below i help of an example. Suppose, on 20.1.2005, we sold to Waseem & Sons. 10 cartons of Sunlight < Rs. 300 per cartoon. We made out an invoice and sent the top copy of invoice to Waseem & Sons. copy of the .invoice is retained by us. This transaction is recorded in the Sales Journal on the •bis copy. The sales book will be as follows.