Making Entries from Sales Day Book into the Sales Ledger Example

Making Entries from Sales Day Book into the Sales Ledger Example- Updated 2024

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ZIMSEC O Level Principles of Accounts Notes: Posting to the Sales Ledger from the Sales Day Book

You are a bookkeeper for G Moyo. He are asks you to enter into the Sales Day Book the following transactions and post the items to them to their relevant accounts in the Sales Ledger and then show the transfer to the sales account in the General Ledger.
20X6
Mar 1 Credit sales to J Musengezi for $310
3 Credit sales to T Chibaba for $285
6 Credit sales to L Maukazuva for $38
10 Credit sales to J Musengezi for $74
17 Credit sales to H Tirivangani $534
19 Credit sales to J Hatinzwi $92
27 Credit sales to L Maukazuva $44
31 Credit sales to K Kunze $112

Solution

Sales Day Book
Date: March 2014	Details	Invoice	Folio	Amount
1	J Musengezi	B1237	SL32	310
3	T Chibaba	B1238	SL45	285
6	L Mukazuva	B1239	SL35	38
10	J Musengezi	B1240	SL32	74
17	H Tirivangani	B1241	SL33	534
19	J Hatinzwi	B1242	SL40	92
27	L Mukazuva	B1243	SL35	44
31	K Kunze	B1244	SL67	112
Total				1489

				Sales Ledger
				J Musengezi
Date	Details	Folio	Amount		Date	Details	Folio	Amount
1 March	Sales	GL45	310
10 March	Sales	GL45	74

				T Chibaba
Date	Details	Folio	Amount		Date	Details	Folio	Amount
3 March	Sales	GL45	285

				L Mukazuva
Date	Details	Folio	Amount		Date	Details	Folio	Amount
6 March	Sales	GL45	38
27 March	Sales	GL45	44

				H Tirivangani
Date	Details	Folio	Amount		Date	Details	Folio	Amount
10 March	Sales	GL45	534

				J Hatinzwi
Date	Details	Folio	Amount		Date	Details	Folio	Amount
19 March	Sales	GL45	92

				K Kunze
Date	Details	Folio	Amount		Date	Details	Folio	Amount
31 March	Sales	GL45	112

				General Ledger
				Sales Account
Date	Details	Folio	Amount		Date	Details	Folio	Amount
					31 March	Credit Sales (March)		1489

NB Do not worry much about the Folio column. In the real world the business in question determines which folio entries to use based on its own policies.

To access more topics go to the Principles of Accounts Notes page.

By garikaib|2022-09-15T12:41:21+02:00January 24th, 2023|Notes, Ordinary Level Notes, Principles of Accounts Notes|Comments Off

About the Author: garikaib

He holds an Honours in Accountancy degree from the University of Zimbabwe. He is passionate about technology and its practical application in today's world.

Making Entries from Sales Day Book into the Sales Ledger Example