IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

Doubt

Accountancy

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

sai t

CA Foundation

★ 2K+

09-Dec-19 16:24

756

Answers (5)

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

CA 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

Dimple Keziya

CA Inter

★ 4K+

15-Feb-20 15:52

Dimple Keziya

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

Sale of fixed assets is not recorded in Subsidiary books.

CA Suraj Lakhotia

Admin

16-Feb-20 06:33

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

Dimple Keziya

CA Inter

★ 4K+

16-Feb-20 09:38

CA Suraj Lakhotia Admin

Sale of fixed assets is not recorded in Subsidiary books.

I missed the small logic

Dimple Keziya

CA Inter

★ 4K+

16-Feb-20 09:39

SM Marathon Part- 2 with Suraj Sir! YT Live

Connect With Us

Sales

964-011-1110 / 913-331-0549

Support

915-491-1196

964-011-1110

support@indigolearn.com

Company

About Us

Careers

Information

Testimonials

FAQ

Terms & Conditions

CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C

IndigoLearn

Doubt

Connect With Us

Company

Information

Courses

Course Guides

Offerings