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 Form 4 Business Studies lessons: Source documents and books of original entry

Sales Journal as a book of original entry

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Answer Text:
Sales journal as a book of original entry:
-used to record all credit sales made on daily basis.
-the source document used in preparation of sales journal is a copy of invoice issued or sales invoice.
-sales journal is used to record credit sales before they are posted to the
individual debtor’s accounts is the sales ledger.
-at the end of the month, total credit sales are posted to the sales account in the general ledger ledger.