sales ledgers and sales and genaral ledgers?

Do you use the general ledger for the sales day book and which account do you use sales ledger

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One Response to “sales ledgers and sales and genaral ledgers?”

  1. Sandy says:

    Cash sales are recorded in the Cash receipts journal and totals are posted to the General Ledger.

    Credit sales are recorded in the Sales Journal and totals posted to the General Ledger.

    Here are some notes on these, together with illustrations:
    http://www.college-cram.com/study/accounting/special-journals/sales-journal/
    http://www.accountingexplanation.com/sales_journal.htm

    http://www.college-cram.com/study/accounting/special-journals/cash-receipts-journal/
    http://www.newlearner.com/courses/hts/baf3m/baccl306.htm#Cash Receipts Journal

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