The Sales Day Book
Peter Marshall Bsc (Econ) BA MBIM is a Fellow of the Society of Business Teachers, and an experienced educator in business subjects. He is also a prolific author and his books have been translated and sold worldwide. He lives in London, UK.
A. Frazer records his sales
Let us suppose that A. Frazer is a business stationery supplier. He makes the following sales on monthly credit account during the month of June 200X:
200X
Jun 1 |
Edwards’ Garage |
1 gross of white foolscap envelopes = £4.00 |
|
|
1 gross of small manilla envelopes = £4.00 |
6 |
A. K. Insurance Services |
1 gross of large envelopes = £10.00 |
8 |
J.B.C. Roofing |
4 calculators @ £12.50 ea |
30 |
F. Evans |
20 foolscap note pads = £21.60 |
Let’s suppose that, like many firms, A. Frazer has his sales invoices pre-printed with numbers in a chronological sequence and that the above sales were billed on invoice numbers 961/2/3 and 4. He would write the invoice dates followed by the names of the customers in the first two columns of his sales day book. In the next column he would enter the net invoice values (i.e. excluding VAT), and in the next the amounts of VAT charged on each invoice. Further to the right, he would then ‘analyse’ the net amounts into handy reference columns. (This analysis will be useful to him later, as he will be able to tell quickly what value of his sales were for stationery, what for calculators, and what for any other categories which he may decide to have analysis columns for.)
