b12 Only credit sales of those goods .ware traucu by the firm are recorded in sales book. Cash sales or sale of an asset whether in cash or in credit is not recorded in this book. The transactions are recorded on the basis of invoice in this book. Sales book is also known as Sales invoice book, Sales journal, or Sales day book. The format of sales book and method of recording are same as purchases book; the only difference is that name of those traders are written in particulars column to whom goods have been sold on credit. In this, amount is written after deducting trade discount and adding packaging expenses and sales tax (if any). This book is closed by writing Sales a/c Cr, at the end. Illustration 20: Prepare a Sales Book from the following transactions of Sharma Furniture House: 2016 November 1 Sold goods on Credit to Gupta Furniture Bhilwara: 1500 Chairs @ 300 each 400 Tables @ 600 each Trade Discount 10% November 12 Sold goods on Credit to Furniture Mart Shahpura 100 Almirah @ 3,000 each 50 Sofa sets @ 35,000 each Trade Discount 20% November 23 Sold goods for cash to Verma Furniture Nathdwara 800 Chairs @ 400 each November 27 Sold on Credit to Subodh Machinery 25 old Machine @ 1000 cach 5 old Typewriter for 3500