C2 - section 2 - The sales day book. Flashcards
1
Q
Sales day book definition
A
The sales day book is a list of sales invoices that are to be processed for a given period (e.g. a week).
2
Q
What type of transactions does it record?
A
Credit sales.
3
Q
In a basic sales day books (SDB), what will it include?
A
Name of customer
Net amount
VAT
Total
4
Q
What columns would you likely find on a analysed SDB?
A
Date Customer Reference invoice # total VAT product 1 product 2 product 3 and so on.
5
Q
what is casting and cross casting?
A
Casting is the way we refer to adding a vertical column of figures and cross-casting is the way we refer to adding a horizontal row of figures.
