The Difference Between Sales Book and Sales Account

Difference Between Sales Book and Sales Account

The Difference Between Sales Book and Sales Account is that these terms are different from each other on the basis of the nature of business transactions i.e. Sales book includes only Credit Business Transactions but Sales Account includes both types of Business Transactions. So, to know the more about the Difference Between Sales Book and Sales Account, First of all, we have to clear the actual meaning or uses of both terms. These are explained below: 

What is Sales Book: –

The Sales Book means that book in which we have the record all credit transactions which are related to the sale of goods. It is the primary book-like journal daybook. The main purpose to prepare the Sales book is to maintain the record of credit business transactions which are related to the sale of goods and sundry Debtors with the details of the material sold to them and for recovering the outstanding amount in the future. The Format of Sales book is shown as below : –

In the books of _________
Sales Books 

Date

Particulars

Invoice No.

L. F.

Details

Amount

           
           
           
           
           

To know the details about the Sales Book, Please check out the following link:

Sales Book | Subsidiary Books | Examples

What is Sales Account: –

The Sales Account means that ledger account in which we have the record all the business transactions which are related to the Sale of goods eighter cash or credit. The main purpose to prepare the Sales Account is to main the record of total Sale of goods (stock) in the financial year. The Format of Sales Account is shown as below: –

In the books of _________
Sales A/c 

Date

Particulars

J.F.

Amount
(Rs.)

Date

Particulars

J.F.

Amount
(Rs.)

               
               
               
               
               

The Sale account is similar to any type of ledger account and treated as same. So, to know the details about the Sales Book, Please check out the following link:

What is Ledger – Explained with Example

Chart of Difference Between Sales Book and Sales Account: –

Basis of Difference

Sales Book 

Sales Account

Meaning

The Sales Book means that book in which we have the record all credit transactions which are related to the sale of goods. The Sales Account means that ledger account in which we have the record all the business transactions which are related to the Sale of goods eighter cash or credit.

Types 

It is Primary type of Book of accounts.  It is Secondary type of Book of accounts Because it is based on journal daybook.

Main Purposes 

It is maintained to record all credit business transactions which are related to the Sales of goods.  It is maintained to the record of the total Sale of goods(stock) in the financial year

Business Transaction

In it, only credit business transactions are recorded. In it, both credit and cash business transactions are recorded.

Treatment in the Financial Statements 

The balance of it is not transferred in the Financial Statement of business. The balance of it is transferred in the Financial Statement of business. It is transferred to Trading Account.

Debit Column

It does not have a Debit Column because it is a special-purpose book. It does have both column i.e Debit and Credit.

Dependency on other books 

It is not dependent on any other primary book because the transaction is directly recorded in it from the Sale invoice.  It is dependent on journal daybook. All the transaction which are related to the sale of goods is posted in this ledger from the journal. 

Download the chart:

If you want to download the chart please download the following image and PDF file

Chart of Difference Between Sales Book and Sales Account 1 268x300 - The Difference Between Sales Book and Sales Account
Chart of Difference Between Sales Book and Sales Account-1
application pdf - The Difference Between Sales Book and Sales Account
Chart of Difference between Sales Book and Sales Account

 

The conclusion of Difference: –

The conclusion of the Difference Between Sales Book and Sales Account is that these both terms are related to the sperate book Because Sale book is the primary book and Sales account is the part of ledger accounts. 

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T.S. Grewals Double Entry Book Keeping - The Difference Between Sales Book and Sales Account

T.S. Grewal’s Double Entry Book Keeping

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