Which book of first entry is used to record the sale of goods on credit?

  

Question: Which book of first entry is used to record the sale of goods on credit?

The book of first entry used to record the sale of goods on credit is the Sales Journal, also known as the Sales Daybook or Sales Register. The Sales Journal is a specialized accounting book that records all credit sales transactions made by a company over a specific period of time. It typically includes information such as the date of the sale, the name of the customer, a description of the goods sold, the quantity and price of the goods, and the total amount of the sale.

By using a Sales Journal, companies can keep a record of all their credit sales transactions in one place, making it easier to track their sales revenue and monitor their accounts receivable balances. The Sales Journal is also useful for generating reports and analyzing sales data over time, which can help companies identify trends and make informed business decisions.

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