Entity: SALES-DAY-BOOK
The sales day book is a manually-maintained ledger that records detailed information for each credit sale to a customer, including customer name, invoice number, date, and amount.
SALES-DAY-BOOK
Etymology
The term 'sales day book' originates from the accounting practice of maintaining a manual ledger to record credit sales transactions.
Definition
The sales day book is a specialized ledger used in accounting to document credit sales transactions, providing detailed information on each sale made to a customer.
Historical Context
The use of sales day books dates back to traditional manual accounting practices, where businesses recorded credit sales information to track revenue and customer transactions.
Cultural Significance
The sales day book plays a crucial role in financial record-keeping, ensuring accurate documentation of credit sales transactions and supporting financial analysis and decision-making.
Related Concepts
- Sales Journal
- Subsidiary Book
- Ledger
See Also
A specialized ledger used in accounting to document credit sales transactions, providing detailed information on each sale made to a customer.