IndigoLearn

Doubt

Can any one explain why credit sales of furniture is not enter into salesbook??


harsha t

harsha t

CA Foundation

175

09-Dec-19 16:24

103

Answers (5)

Sales book captures regular sales of inventory (in which the business normally deals)


Suraj Lakhotia

Suraj Lakhotia

Admin

11-Dec-19 10:53

Sales book is one of the subsidiary book where the credit transactions are recorded then credit sale of furniture is recorded in the sales book


M.Dimple Keziya

M.Dimple Keziya

CA Inter

10

15-Feb-20 15:52

K sir I have understood subsidiary deals with the goods but not capital assets of the business


M.Dimple Keziya

M.Dimple Keziya

CA Inter

10

16-Feb-20 09:38

Sale of fixed assets is not recorded in Subsidiary books.

I missed the small logic


M.Dimple Keziya

M.Dimple Keziya

CA Inter

10

16-Feb-20 09:39